Table 24-13. Olivia's expenditures on clothing for three consecutive years, along with some values for the CPI, are presented in the table below.
-Refer to Table 24-13. To the nearest dollar, how much is Olivia's 2010 clothing expenditure in 2011 dollars?
A)$1,683
B)$1,778
C)$1,800
D)$3,600

Question

Table 24-13. Olivia's expenditures on clothing for three consecutive years, along with some values for the CPI, are presented in the table below. 
-Refer to Table 24-13. To the nearest dollar, how much is Olivia's 2010 clothing expenditure in 2011 dollars?
A)$1,683 
B)$1,778 
C)$1,800 
D)$3,600

Quizplus · Accepted Answer

To adjust Olivia's 2010 clothing expenditure to 2011 dollars, you need to account for inflation or deflation between the two years. The correct answer is $1,778, which reflects this adjustment.