residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2020, they spend a total of $210 for 100 heads of cauliflower, $70 for 50 bunches of broccoli, and $45 for 450 carrots. In 2021, they spend a total of $225 for 90 heads of cauliflower, $112 for 80 bunches of broccoli, and $120 for 400 carrots. Complete the following table by calculating the price of one unit of each vegetable in each year. Year Cauliflower Broccoli Carrots 2020

Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter10: Measuring A Nation's Income
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The residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2020, they spend a total of $210 for 100 heads of cauliflower, $70 for 50 bunches of broccoli, and $45 for 450 carrots. In 2021, they spend a total of $225 for 90 heads of cauliflower, $112 for 80 bunches of broccoli, and $120 for 400 carrots.
Complete the following table by calculating the price of one unit of each vegetable in each year.
Year
Cauliflower
Broccoli
Carrots
2020
 
 
 
2021
 
 
 
 
 
 
 
 
 
 
Using 2020 as the base year, the CPI for 2020 is________    , and the CPI for 2021 is________   .
 
The inflation rate in 2021 is _________
using the CPI.
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