A market basket is made up of three goods, 90X, 130Y, and 200Z. The prices in yearone are $1, $2, and $3.50, respectively. The prices in yeartwo are $1.20, $2.30, and $4. Assume year one to be the base year: Calculate the CPIs for each year.

(could you show with calculations please and roundup to thenearest hundredth)

Base year: Year 2 prices Year 1 prices Good X: 90 units $1.00 $1.20 Good Y: 130 units $2.00 $2.30 Good Z: 200 units $3.50 $4.00