Calculates Average per Capita Spending Adjusted by Estimated Price Increase and State Index — State_Adj_Capita_Grocery

This function returns the average per capita spending after adjusting for percentage price increase and rural price parities from the base year(2022).

Usage

State_Adj_Capita_Grocery_Spend(
  state_index,
  est_per_price_increase = 7,
  grocery_sales = 8.11541e+11,
  population = 334233854
)

Arguments

state_index: the ratio of the current price of the basket to the price of the basket during the base year
est_per_price_increase: Estimated increase in price of grocery in cumulative percent default taken as 7 for 2023.
grocery_sales: Total US grocery sales annually. Default value is 811541000000.
population: Total US population. Default value is 334233854.

Value

Outputs the average per capita grocery spend after adjusting for the expected price increase and state index

Details

This function is taken from the Estimating_Revenue.xlsx and calculated in Step three. This function calls Adj_Capita_Grocery_Spend().

Author

Srika Raja

Examples

State_Adj_Capita_Grocery_Spend(99,7)
#> [1] 2572