The largest component area of the CPI is
A) transportation.
B) medical.
C) housing.
D) college tuition.

Question

Quizplus · Accepted Answer

Housing is the largest component area of the CPI, accounting for around 42% of the total index. It includes expenses such as rent, utilities, and household furnishings. Transportation comes in second, followed by food and beverages. Medical expenses and college tuition are also included, but they make up smaller portions of the CPI.

The Largest Component Area of the CPI Is