Using Table 1, calculate the marketing share of retail expenditures for fresh beef in 2018 to the nearest whole percent. Enter your answer as a percent. Table 1. Nominal retail prices and farm value equivalents for fresh beef. Year Farm Value Retail Equivalent Price .... ($ per pound).. 2014 3.70 5.97 2015 3.55 6.29 2016 2.90 5.96 2017 2.93 5.91 2018 2.81 5.92

Macroeconomics: Principles and Policy (MindTap Course List)
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Chapter8: Aggregate Demand And The Powerful Consumer
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Using Table 1, calculate the marketing share of retail expenditures for fresh beef in 2018 to the
nearest whole percent. Enter your answer as a percent.
Table 1. Nominal retail prices
and farm value equivalents
for fresh beef.
Year Farm Value Retail
Equivalent
Price
.... ($ per pound) ....
2014
3.70
5.97
2015
3.55
6.29
2016
2.90
5.96
2017
2.93
5.91
2018
2.81
5.92
2019
2.76
6.04
Transcribed Image Text:Using Table 1, calculate the marketing share of retail expenditures for fresh beef in 2018 to the nearest whole percent. Enter your answer as a percent. Table 1. Nominal retail prices and farm value equivalents for fresh beef. Year Farm Value Retail Equivalent Price .... ($ per pound) .... 2014 3.70 5.97 2015 3.55 6.29 2016 2.90 5.96 2017 2.93 5.91 2018 2.81 5.92 2019 2.76 6.04
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