What is the best explanation for the fact that the dollars spent on food has risen since the early 1980s but that food costs less now than it did then?
A) Real food prices decreased over the period.
B) Available food per capita decreased over the period.
C) The PPI decreased over the period.
D) The CPI decreased over the period.

Question

Quizplus · Accepted Answer

Real food prices have decreased since the early 1980s, meaning that the amount of money needed to purchase the same quantity of food has decreased. However, the total amount spent on food has increased due to other factors such as population growth and increased consumption.

What Is the Best Explanation for the Fact That the Dollars