-The Tables Above Give the Purchases of a Typical Consumer

Essay

$$\begin{array} { | l | c | c | } \hline { \text { Item } } & \begin{array} { l } \text { Quantity } \\( 2010 )\end{array} & \begin{array} { l } \text { Price } \\( 2010 )\end{array} \\\hline \text { Meals } & 100 & \$ 10.00 \\\hline \text { Parking } & 50 & \$ 100.00 \\\hline\end{array}$$
$$\begin{array} { | l | c | c | } \hline { \text { Item } } & \begin{array} { l } \text { Quantity } \\( 2011 )\end{array} & \begin{array} { l } \text { Price } \\( 2011 )\end{array} \\\hline \text { Meals } & 100 & \$ 12.00 \\\hline \text { Parking } & 50 & \$ 97.50 \\\hline\end{array}$$
-The tables above give the purchases of a typical consumer in a country comprised of one large city. These consumers purchase only restaurant meals and parking. The year 2010 is the reference base period.
a) Find the total cost of the CPI basket for 2010 and 2011.
b) What is the CPI in 2010 and in 2011?
c) What is the inflation rate between 2010 and 2011?