Multiple Choice
If the total expenditures of a typical family were $40,000 per year in 2008 and the exact same basket of goods and services cost $45,000 in the year 2012,the family's cost of living
A) increased by 11.1%.
B) decreased by 11.1%.
C) increased by 12.5%.
D) decreased by 12.5%.
E) was unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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