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Table 24-12. Will’s expenditures on food for three consecutive years, along with other values, are presented in the table below.
Year 2009 2010 2011
Expenditures on Food $5,000 $5,800 $6,600
Consumer Price Index 160.0 168.0 x
33. Refer to Table 24-12.
Will’s 2009 food expenditures in 2010 dollars amount to ?
a. $5,500.
b. $5,250.
c. $4,975.
d. $3,625.
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12 Sep 2017
Due Date: 12 Sep 2017
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