Brief Principles of Macroeconomics...
Brief Principles of Macroeconomics...
The largest component in the basket of goods and services used to compute the CPI is
a. food and beverages.
b. housing.
c. medical care.
d. apparel.
Thelargest component ofCPI’s basket.
Option (b)
Thehousing represents 42% in the basket of goods and services used to compute. Thus, option ‘b’ is correct.
Option (a)
Thefood and beverages account to only 15% in the CPI’s basket. So option ‘a’ is incorrect...
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