Table 24-12

Multiple Choice

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. If the nominal interest rate was 8 percent in 2010, then

A) the real interest rate in 2010 was 3 percent.
B) the real interest rate in 2010 was 4 percent.
C) Will's 2009 food expenditures in 2010 dollars amount to $5,800.
D) Will's 2009 food expenditures in 2011 dollars amount to $6,200.