In the basket of goods that is used to compute the consumer price index,the three largest categories of consumer spending are
A)housing,transportation,and recreation.
B)housing,transportation,and food & beverages.
C)housing,food & beverages,and education & communication.
D)housing,medical care,and education & communication.

Question

Quizplus · Accepted Answer

According to the most recent data from the Bureau of Labor Statistics, the three largest categories of consumer spending in the basket of goods used to compute the consumer price index are housing (42%), transportation (15%) and food & beverages (14%).

In the Basket of Goods That Is Used to Compute