All questions refer to this information. The consumer price index for an economy consists of only two items: books and hamburgers. In 2020, the base year, the typical consumer purchased 10 books for €25

All questions refer to this information. The consumer price index for an economy consists of only two items:

books and hamburgers. In 2020, the base year, the typical consumer purchased 10 books for €25 each and 25
hamburgers for €2 each. In 2023, the typical consumer purchased 15 books for €30 each and 30 hamburgers
for €3 each.
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Question 1:
What is the consumer price index in 2020?

Question 2:
What is the consumer price index in 2023?

Question 3:
If the amount produced of each good in the above economy is equal to the amount consumed.

What is the GDP in 2023?

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