Suppose that the residents of Veggieland spend all


Suppose that the residents of Veggieland spend all of their income on cauliflower, broccoli, and carrots. In 1998 they buy 100 heads of cauliflower for $200, 50 bunches of broccoli for $75, and 500 carrots for $50. In 1999 they buy 75 heads of cauliflower for $225, 80 bunches of broccoli for $120, and 500 carrots for $100. If the base year is 1998,

what is the CPI in both years?

What is the inflation rate in 1999

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Macroeconomics: Suppose that the residents of Veggieland spend all
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