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Principles of Macroeconomics 8th Edition

Principles of Macroeconomics (8th Edition)

Book Edition8th Edition
Author(s)Mankiw
ISBN9781305971509
PublisherCengage Learning
SubjectEconomics
Section 11-1: The Consumer Price Index
Section 11-2: Correcting Economic Variables for the Effects of Inflation
Quick Quiz
Chapter 11, End of Chapter, Chapter Quick Quiz, Exercise 2
Page 225

The largest component in the basket of goods and services used to compute the CPI is

a. food and beverages.

b. housing.

c. medical care.

d. apparel.

Verified Answer and Explanation

Here is a tip:

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Explanation

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u is an option
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f is an option
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o is an option
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