If the cost of housing increases by 10 percent,then,other things the same,the CPI is likely to increase by about

Name: If the cost of housing increases by 10 percent,then,other things the same,the CPI is likely to increase by about
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

Housing accounts for approximately 42% of the CPI, and if the cost of housing increases by 10%, then the overall CPI would increase by 4.2% (0.42 x 10%). Therefore, the closest option is C, which is 4.3%.

If the Cost of Housing Increases by 10 Percent,then,other Things