In the typical CPI shopping basket, which of the categories below represents the largest percentage of consumer spending?
A)housing
B)food & beverages
C)transportation
D)medical care

Question

In the typical CPI shopping basket, which of the categories below represents the largest percentage of consumer spending?
A)​housing
B)​food & beverages
C)​transportation
D)​medical care

Quizplus · Accepted Answer

Housing typically represents the largest percentage of consumer spending in the CPI shopping basket, as it includes not just rent or mortgage payments, but also utilities and home furnishings. Food & beverages and transportation are also significant categories, but usually fall behind housing in terms of expenditure. Medical care tends to have a smaller share of consumer spending in the CPI basket.

In the Typical CPI Shopping Basket, Which of the Categories