According to the table shown, what can be said about the cost of living in 2012?
A. The typical consumer must spend 5 % more in 2012 than he did in 2011 in order to buy the same goods.
B. Every consumer will experience a 5 % increase in his cost of living from 2011.
C. Whatever consumers bought in 2012 cost 5% more than what they spent in 2011.
D. None of these statements is true.
A. The typical consumer must spend 5 % more in 2012 than he did in 2011 in order to buy the same goods.
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A) national income; the MPS B) personal income; the MPS C) personal income; (MPC - MPS) D) national income; the MPC
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