Question
What is the best explanation for the fact that the dollars spent on food have risen since the early 1980s but that food costs less
What is the best explanation for the fact that the dollars spent on food have risen since the early 1980s but that food costs less now than it did then?
Answers:
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.
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Financial Accounting
Authors: Jan Williams, Mark Bettner, Joseph Carcello
18th Edition
1260247945, 9781260247947
