Table 16-12.Will's expenditures on food for three consecutive years,along with other values,are presented in the table below.
-Refer to Table 16-12.Suppose the consumer price index is 15.5 percent higher in 2011 than in 2009.Then Will's food expenditures for 2010 in 2011 dollars amount to
A) $6,352.
B) $6,380.
C) $6,426.
D) $6,651.
Correct Answer:
Verified
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