Which of the following is the smallest portion of the market basket of goods that makes up the CPI?
A)shelter
B)food
C)transportation
D)alcohol and tobacco
E)clothing

Question

Quizplus · Accepted Answer

Alcohol and tobacco represent the smallest portion of the market basket of goods in the Consumer Price Index (CPI) compared to the other options listed. The CPI measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, and alcohol and tobacco typically make up a smaller portion of this basket than categories like shelter, food, transportation, and clothing.

Which of the Following Is the Smallest Portion of the Market