Calculate the CPI using the following data. Assume that there is one of each item in the market basket. Market basket Apples lb. Oranges lb. Bananas lb. Cereal box Milk gal. Prices base yr. $0.45 $0.35 $0.20 $3.00 $2.40 Prices base yr.+1 $0.60 $0.30 $0.25 $3.20 $2.45 The value of the market basket in the base year is ______. The value of the market basket in the base year plus one is _______. The CPI in the base year is ________. The CPI in the base year plus one is _________. There has been inflation or deflation ___________ of _________ percent. If the CPI allowed for the substitution of oranges for apples so that there are zero apples and 2 pounds of oranges in the base year plus one the value of the market basket would be _________ and the CPI would be __________. There would be inflation or deflation ____________ of ______________ percent