Education Price Index (EPI) 6. 160 140 i) 1992 EPI (1986 = 100) 20- a) What is the base year for this index? Explain how you know. b) Estimate the EPI for each year. ii) 1998 iii) 2003 c) By what percent did spending on education rise during each time period? i) Base year to 1992 ii) 1992 to 1998 iii) 1998 to 2003 d) Compare your answers to part c. Which period had the greatest increase? Which period had the least increase? How does this relate to the line segments on the graph? Explain your thinking. 3 100 11986 1990 1998 2002 1994 Year