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Table 24-12

Question 1

Multiple Choice

Table 24-12. Will's expenditures on food for three consecutive years, along with other values, are presented in the table below. Table 24-12. Will's expenditures on food for three consecutive years, along with other values, are presented in the table below. -Refer to Table 24-12. Suppose Will's 2009 food expenditures in 2011 dollars amount to $5,750. Then the inflation rate for 2011 is about A) 9.08 percent. B) 9.52 percent. C) 10.24 percent. D) 10.78 percent.
-Refer to Table 24-12. Suppose Will's 2009 food expenditures in 2011 dollars amount to $5,750. Then the inflation rate for 2011 is about


A) 9.08 percent.
B) 9.52 percent.
C) 10.24 percent.
D) 10.78 percent.

Correct Answer:

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