This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following categories in the market basket of goods receives the most weight when ... (Read 79 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jul 24, 2018
Which of the following categories in the market basket of goods receives the most weight when computing the Consumer Price Index?
 a. Transportation
  b. Housing
  c. Food and beverages
  d. None of the categories is weighted more than the others; they are all weighted equally.

Question 2

Which of the following is not one of the 8 major categories dividing up the market basket of goods and services used to figure the Consumer Price Index?
 a. Education and communication
  b. Child care
  c. Recreation
  d. Apparel


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jul 24, 2018
Answer to Question 1

B

Answer to Question 2

B


erika

  • Hero Member
  • *****
  • Posts: 522
Reply #2 on: Jul 24, 2018
Thanks


skipfourms123

  • Sr. Member
  • ****
  • Posts: 343
Reply #3 on: Jul 24, 2018
Welcome :)


« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Activity, Food Restriction, and Weight Loss Activity, Food Restriction, and Weight Loss
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Three Pieces of the Long-Term Weight-Loss Puzzle Diet Three Pieces of the Long-Term Weight-Loss Puzzle Diet
Adding Volume to Your Meals Aids Weight Loss Adding Volume to Your Meals Aids Weight Loss
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Kinetic parameters & Kinetic experiment

For a complete list of videos, visit our video library