Multiple Choice
Table 11-12. Will's expenditures on food for three consecutive years, along with other values, are presented in the table below.
-Refer to Table 11-12. Suppose Will's 2009 food expenditures in 2011 dollars amount to $5,670. Then
A) the consumer price index was 11.8 percent higher in 2011 than it was in 2009.
B) the inflation rate in 2011 was 8 percent.
C) Will's 2011 food expenditures in 2009 dollars amount to $5,740.
D) Will's 2010 food expenditures in 2011 dollars amount to $6,210.
Correct Answer:

Verified
Correct Answer:
Verified
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