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Using Table 1, calculate at-home household food expenditures as a share of disposable personal income in 1997. Round your answer to the nearest one
Using Table 1, calculate at-home household food expenditures as a share of disposable personal income in 1997. Round your answer to the nearest one hundredth of one percent (i.e., two decimal places). Table 1. U.S. Population, CPI, Income and Food Marketing Data. Year Population CPI Disposable Personal At-Home Household Income Food Total Household Food millions (1988- Expenditures Expenditures billions, nominal 100) 1997 273 135.7 6,161 354 619 1998 276 137.8 6,574 364 642 1999 279 140.8 6,890 386 678 2000 282 145.6 7,416 405 718 2001 285 149.7 7,767 423 749 2002 288 152.1 8,107 428 762
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