Which of the following categories in the market basket of goods receives the most weight when computing the Consumer Price Index?

Question

Quizplus · Accepted Answer

Housing receives the most weight in the Consumer Price Index because it is typically the largest expenditure for households. The weight given to each category in the CPI is based on the percentage of total expenditures that category represents for urban consumers. Housing usually accounts for around one-third of the total expenditures.

Which of the Following Categories in the Market Basket of Goods