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. Suppose Will's 2009 food expenditures in 2011 dollars amount to $5,750. Then the inflation rate for 2011 is about
A) 9.08 percent.
B) 9.52 percent.
C) 10.24 percent.
D) 10.78 percent.
Correct Answer:
Verified
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