5 POINTS 1- Suppose the initial BLS survey (2000). used to measure CPI shows that the CPI basket has 3 Medical and 20 foods. The initial base period prices are, Medical 20 each and food 52 each. Next suppose that the BLS survey taken in 2011 reveals that the price of Medial cost is $35 and the price of foods is 54. A-Calculate the cost of the CPI basket in 20007 B Calculate the cost of the CPI basket in 2011? C-Calculate the inflation rate in that period? D-The CPI has four biases that lead it to overstate the inflation rate. Discuss in depth two of the blases?