Question: 3.6 Application Assignment i Saved Help Save & Exit packages of yogurt, and 15 bottles of lemonade. These three items make up a basket of

 3.6 Application Assignment i Saved Help Save & Exit packages of
yogurt, and 15 bottles of lemonade. These three items make up a

3.6 Application Assignment i Saved Help Save & Exit packages of yogurt, and 15 bottles of lemonade. These three items make up a basket of goods and services similar to the much larger basket used by the Bureau of Labor Statistics (BLS) when computing the official Consumer Price Index (CPI). The table below lists the 14 average price for each item in this basket for the past four years. Hanna's Meals Pasta (dollars per Yogurt (dollars per Lemonade (dollars per Year pound package bottle) 1 $1.90 $1.00 $2. 10 6.25 2. 10 1.10 2. 20 points A W N 2. 25 1.16 1.95 2.20 1.26 2.00 eBook Instructions: Round your answers to two decimal places. References a. For each year, calculate the CPI, using year 1 as the base year In year 1, the CPI was In year 2, the CPI was In year 3, the CPI was In year 4, the CPI was b. For each year, calculate the CPI, using year 3 as the base year. In year 1, the CPI was In year 2, the CPI was In year 3, the CPI was In year 4, the CPI was

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