Calculating the Consumer Price Index Exercise 2 (Algo) The table below lists the prices from last year and the base year for a college-related basket of goods. Basket of College-Related Goods Prce Base Year Price Last Year Basket of Goods (dollara) (dollars) Gasoline per gallon) $ 1.40 $1.75 Pizza (per pizza) 3.75 7.70 Beer (per 6-pack) 3.95 6.70 Textbook per book) 95.00 223.00 Instructions: Round your answers to two decimal places. a. What is the total cost for a basket of goods that includes 200 gallons of gas, 60 pizzas, 45 6-packs, and 3 textbooks? In the base year: $ Last year: $0 . Using this basket of goods, compute the following CPI values: In the base year Last year c. Assume that rather than buying textbooks for their courses last year all students decided to buy online access cards at $100 per textbook. Compute the total cost for this basket of goods and the CPL Total cost of basket: $0 CPI