C) Consider table Q3(c) a hypothetical economy in which the typical consumer basket consists of 3 kilograms (kg) of lamb and 4 kg of broccoli. Table Q3(c): Consumer basket consumption of lamb and broccol Year Price of lamb Price of broccoli RM20/kg RM25/kg RM12/kg RM18/kg 2020 2021 (i) Calculate the cost of the basket in 2020 and 2021. (ii) Calculate the CPI for 2020 and 2021 if 2020 is the base year. (iii) Calculate the inflation rate in 2021 if 2020 is base year.
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