According to the table shown, what can be said about the cost of living in 2012?
A) The typical consumer must spend 5 % more in 2012 than he did in 2011 in order to buy the same goods.
B) Every consumer will experience a 5 % increase in his cost of living from 2011.
C) Whatever consumers bought in 2012 cost 5% more than what they spent in 2011.
D) None of these statements is true.
Correct Answer:
Verified
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