What would explain the fact that food costs less now than it did in the early 1980s?
A) Real prices decreased.
B) GDP per capita increased.
C) The PPI decreased.
D) The CPI decreased.

Name: What would explain the fact that food costs less now than it did in the early 1980s? A) Real prices decreased. B) GDP per capita increased. C) The PPI decreased. D) The CPI decreased.
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Quizplus · Accepted Answer

Real prices decreased, meaning that when adjusted for inflation, the cost of food has gone down compared to the early 1980s.

What Would Explain the Fact That Food Costs Less Now