Answer:
The correct answer is "The family cost of living has increased by 14.28%"
Explanation:
If the total expenditures of a typical family equaled $35,000 per year in 2000
$35,000 ------ 2000
And the exact same basket of goods and services cost $40,000 in the year 2005.
$40,000 - $35,000 = $5,000 (Diference or increasement beetween the year 2000 and 2005)
Rule of three
$35,000 ------ 100%
$5,000----------?
(5000 x 100) ÷ 35,000= 14,28%
The family cost of living has increased by 14.28% in the last five years.
