Table 25-4 Will's expenditures on food for three consecutive years, along with other values, are presented in the following table. Year 1 2 3 Expenditures on food Consumer price index $5,000 $5,800 $6,600 160.0 168.0 X Refer to Table 25-4. Suppose Will's Year 2 food expenditures in Year 3 dollars amount to $6,235. Then x, the consumer price index for Year 3, has a value of a. 171.2. b. 177.5. O c.175.0. Od. 180.6.
Table 25-4 Will's expenditures on food for three consecutive years, along with other values, are presented in the following table. Year 1 2 3 Expenditures on food Consumer price index $5,000 $5,800 $6,600 160.0 168.0 X Refer to Table 25-4. Suppose Will's Year 2 food expenditures in Year 3 dollars amount to $6,235. Then x, the consumer price index for Year 3, has a value of a. 171.2. b. 177.5. O c.175.0. Od. 180.6.
Chapter1: Making Economics Decisions
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