Table 24-4
Lee's expenditures on food for three consecutive years, along with other values, are presented in the following table.

-Refer to Table 24-4. To the nearest dollar, Lee's Year 1 food expenditures in Year 2 dollars amount to
A)$7,866.
B)$8,441.
C)$8,327.
D)$153.

Question

Table 24-4
Lee's expenditures on food for three consecutive years, along with other values, are presented in the following table.
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-Refer to Table 24-4. To the nearest dollar, Lee's Year 1 food expenditures in Year 2 dollars amount to
A)$7,866. 
B)$8,441. 
C)$8,327. 
D)$153.

Quizplus · Accepted Answer

The correct answer is $8,441. This is calculated by adjusting Lee's Year 1 food expenditures for inflation to reflect Year 2 dollars.

Table 24-4 Lee's Expenditures on Food for Three Consecutive Years, Along with Along