If the cost of medical care increases by 40 percent,then,other things the same,the CPI is likely to increase by about

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The Consumer Price Index (CPI) measures the average change in prices over time that consumers pay for a basket of goods and services. Medical care is only a part of this basket. If medical care costs increase by 40%, the overall CPI will increase by a smaller percentage, depending on the weight of medical care in the CPI basket. Typically, medical care has a weight of around 8% in the CPI, so a 40% increase in medical care costs would lead to an approximate 3.2% increase in the CPI (0.08 * 40% = 3.2%).

If the Cost of Medical Care Increases by 40 Percent,then,other