Suppose the information in the table is for a simple economy that produces and consumes only four goods and services: textbooks, hamburgers, shirts and cotton. Base Year = 2011 Product Textbooks 90 Hamburgers 75 50 100 Shirts Cotton 2011 Quantity Price 2012 Quantity Price $60 2 25 0.60 $50 100 2 100 30 50 0.80 800 2013 Quantity Price 100 $65 120 2.25 65 25 120 0.70

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