Table 11-12

question 272

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.

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