menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    ECON MACRO
  4. Exam
    Exam 6: Tracking the U. S. Economy.
  5. Question
    A Family Spent $6,500 for Food Last Year and Spent
Solved

A Family Spent $6,500 for Food Last Year and Spent

Question 193

Question 193

Multiple Choice

A family spent $6,500 for food last year and spent $6,695 this year. By how much did the cost of living increase?


A) 65%
B) 0.98%
C) 3%
D) 1.5%
E) 5%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q59: The final market value of a good

Q96: To determine the consumer price index (CPI),_.<br>A)the

Q189: An inflation measure that reduces the bias

Q191: Which of the following actions would increase

Q192: If the United States made the sale

Q194: According to the CPI, what is the

Q195: Which of the following is an example

Q196: If the price index is 100 in

Q197: Which of the following is a difference

Q198: Which of the following expenditures is included

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines