Using Table 1, calculate percent change in nominal per capita away-from-home household food expenditures from 1998 to 2019. Enter your answer as a percent rounded to the nearest one hundredth of a percent (i.e., two decimal places). Table 1. Population, CPI, Income, and Food Expenditure Data. Away-From- At-Home Home Total Disposable Household Household Household Personal Food Food Food Year Population CPI Income Expenditures Expenditures Expenditures millions (1988 = 100) ....billions, nominal.. ..... 1997 273 135.7 6,161 354 265 619 1998 276 137.8 6,574 364 278 642 1999 279 140.8 6,890 386 292 678 2000 282 145.6 7,416 405 313 718 2001 285 149.7 7,767 423 326 749 2002 288 152.1 8,107 428 334 762 2003 290 155.5 8,484 444 355 799 2004 293 159.7 8,986 466 382 848 2005 296 165.1 9,386 491 407 898 2006 298 170.4 10,025 515 434 949 2007 301 175.3 10,515 543 461 1,004 2008 304 182.0 10,935 564 478 1,042 2009 307 181.3 10,907 537 476 1,013 2010 309 184.3 11,314 538 489 1,027 2011 312 190.1 11,873 562 517 1,079 2012 314 194.1 12,501 582 542 1,124 2013 316 196.9 12,505 592 561 1,153 2014 318 200.1 13,207 625 587 1,212 2015 321 200.4 13,784 635 627 1,262 2016 323 202.9 14,203 650 655 1,305 2017 325 207.2 14,902 680 687 1,367 2018 327 212.3 15,767 709 733 1,442 2019 328 216.1 16,349 736 764 1,500
Using Table 1, calculate percent change in nominal per capita away-from-home household food expenditures from 1998 to 2019. Enter your answer as a percent rounded to the nearest one hundredth of a percent (i.e., two decimal places). Table 1. Population, CPI, Income, and Food Expenditure Data. Away-From- At-Home Home Total Disposable Household Household Household Personal Food Food Food Year Population CPI Income Expenditures Expenditures Expenditures millions (1988 = 100) ....billions, nominal.. ..... 1997 273 135.7 6,161 354 265 619 1998 276 137.8 6,574 364 278 642 1999 279 140.8 6,890 386 292 678 2000 282 145.6 7,416 405 313 718 2001 285 149.7 7,767 423 326 749 2002 288 152.1 8,107 428 334 762 2003 290 155.5 8,484 444 355 799 2004 293 159.7 8,986 466 382 848 2005 296 165.1 9,386 491 407 898 2006 298 170.4 10,025 515 434 949 2007 301 175.3 10,515 543 461 1,004 2008 304 182.0 10,935 564 478 1,042 2009 307 181.3 10,907 537 476 1,013 2010 309 184.3 11,314 538 489 1,027 2011 312 190.1 11,873 562 517 1,079 2012 314 194.1 12,501 582 542 1,124 2013 316 196.9 12,505 592 561 1,153 2014 318 200.1 13,207 625 587 1,212 2015 321 200.4 13,784 635 627 1,262 2016 323 202.9 14,203 650 655 1,305 2017 325 207.2 14,902 680 687 1,367 2018 327 212.3 15,767 709 733 1,442 2019 328 216.1 16,349 736 764 1,500
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Using Table 1, calculate percent change in nominal per capita away-from-home household food
expenditures from 1998 to 2019. Enter your answer as a percent rounded to the nearest one
hundredth of a percent (i.e., two decimal places).
Table 1. Population, CPI, Income, and Food Expenditure Data.
Away-From-
At-Home
Home
Total
Disposable
Household
Household
Household
Personal
Food
Food
Food
Year Population
Expenditures
Expenditures
Expenditures
CPI
Income
millions
(1988 = 100)
billions, nominal .
1997
273
135.7
6,161
354
265
619
1998
276
137.8
6,574
364
278
642
1999
279
140.8
6,890
386
292
678
2000
282
145.6
7,416
405
313
718
2001
285
149.7
7,767
423
326
749
2002
288
152.1
8,107
428
334
762
2003
290
155.5
8,484
444
355
799
2004
293
159.7
8,986
466
382
848
2005
296
165.1
9,386
491
407
898
2006
298
170.4
10,025
515
434
949
2007
301
175.3
10,515
543
461
1,004
2008
304
182.0
10,935
564
478
1,042
2009
307
181.3
10,907
537
476
1,013
2010
309
184.3
11,314
538
489
1,027
2011
312
190.1
11,873
562
517
1,079
2012
314
194.1
12,501
582
542
1,124
2013
316
196.9
12,505
592
561
1,153
2014
318
200.1
13,207
625
587
1,212
2015
321
200.4
13,784
635
627
1,262
2016
323
202.9
14,203
650
655
1,305
2017
325
207.2
14,902
680
687
1,367
2018
327
212.3
15,767
709
733
1,442
2019
328
216.1
16,349
736
764
1,500
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