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 2 Price Base Year Price Last Year points Basket of Goods (dollars) (dollars) Gasoline (per gallon 1.96 $2.58 ! Textbook (per book 102.88 233.88 eBook D References 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? Instructions: In part a, enter your answers as a whole number. In parts b and , round your answers to two decimal places. In the base year: Last year: $ b. Using this basket of goods, compute the following CPl 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 CPI. Total cost of basket: $ CPI: 2 2 Instructions: Enter your answers as a whole number. points a. Using the infermation below, and assuming that you want to maintain your purchasing power from 2011, what nominal wage should you demand in each of the given years? CPI Values and Nominal Wages ! Nominal Wage Year CPI (dollars) eBook 2011 224.9 $80,888 References e [ e | T b Assume that your annual wage in 2014 was $85 000 This represents | (Click to select) ~