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Due Date: Jan. 25 The following table presents a decade's data on three components of a typical household's total expenses: education, housing, and food. Year

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Due Date: Jan. 25 The following table presents a decade's data on three components of a typical household's total expenses: education, housing, and food. Year Education Housing Food 1994 $13,740 $13,100 $16,600 1995 $15,180 $19,100 $121,600 1996 $16,380 $20,500 $20,000 199'?r $17,100 $21,920 $22,500 1998 $18,940 $23,520 $24,000 1999 $20,260 $24,620 $2 5,200 2000 $22,230 $24,620 $2 6,000 2001 $24,510 $25 .820 $26,600 2002 $29,300 $26,320 $26,200 2003 $32,230 $26,320 $2 2,600 a. Using year 1994 as the base year, construct individual indices for each of the three expense items

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