Question
Using Table 1. calculate total household food expenditures as a share of disposable personal income in 2012. Round your answer to the nearest one
Using Table 1. calculate total household food expenditures as a share of disposable personal income in 2012. 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 At-Home Personal Household Income Food Total Household Food millions (1988- Expenditures Expenditures billions, nominal 100) 2009 307 181.3 10,907 537 1,013 2010 309 184.3 11,314 538 1,027 2011 312 190.1 11,873 562 1,079 2012 314 194.1 12,501 582 1,124 2013 316 196.9 12,505 592 1,153 2014 318 200.1 13,207 625 1,212
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