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Per item Total Per Item Total Per item Total Quantity Item Cost [2000) Cost (2000) Cost (2005) Cost (2005) Cost (2010) Cost (2010] 1 Partridge/Pear
Per item Total Per Item Total Per item Total Quantity Item Cost [2000) Cost (2000) Cost (2005) Cost (2005) Cost (2010) Cost (2010] 1 Partridge/Pear Tree $113.00 $113.00 $104,99 $104,95 $161.59 $161.95 2 Turtle Dove $25.00 $50.00 $20.00 $40.00 550.00 $100.00 3 French Hen $5.00 $15.00 $15.00 $45.00 $50.00 $150.00 4 Calling Bird $70.00 $280.00 $99.99 $399.96 $145.99 $599.96 S Gold Ring $50.00 $250.00 $65,00 $325.00 $129.99 $649.95 6 Geese-a-laying $25.00 $150.00 $50.00 $300.00 $25.00 $150.00 7 Swans-a swimming $500.00 $3,500.00 $600 00 $4.200.00 $800,00 $5,600.00 8 Maids-a-milking $5 15 $41-20 $5.15 $41 20 $7.25 $58.00 9 Ladies Dancing $436.97 $3,932.72 $508.46 $4,576-14 $699.34 $6,204.03 10 Lords a-leaping $366.08 $3,660.80 $403.91 $4,039.08 $476.67 $4,766.70 11 Pipers piping $140.40 $1.544.40 $186.65 $2 053.20 $214.20 $2,356 20 12 Drummers Drumming $136.43 $1.637.10 $185.36 52,224.30 $212.71 $2.552.55 Total Cost of Christmas $15.174.22 $18,348.87 $23,439.38 Above is data based on the song The 12 Days of Christmas. Use it to answer the following questions abou the true cost of Christmas, 1. Construct a price index for 2000, 2005, and 2010. Use the prices from 2000 as the base year. 2. Using the prices index values from #1, calculate the rate of inflation for the cost of Christmas between 2000 and 2005, 2000 and 2010, and 2005 and 2010. 3. Assume the price index for the year 1995 is 92. Calculate the cost of Christmas in 1995
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