Question: base on the data above, finish the answer and the last part you can choose small or large lf the eight categories comprising the overall
base on the data above, finish the answer and the last part you can choose small or large
lf the eight categories comprising the overall CPI (the CPI for All Items) were weighted equally, the values recorded above would make equal contributions to the overall index. However, the BLS gives housing a more significant weight than medical care. More specifically, the BLS weights housing at 41.3% while medical care is weighted at only 6.6%. Suppose the same that prices for both housing and medical care increase by 10%. Complete the following table to show the contribution each of the_ increases recorded above actually makes to the overall CPI. (Enter your responses rounded to one decimal place. Numbers only.) The Increase of Consumer Price Indexes: All Categories Housing Medical Care The preceding analysis indicates that the overall CP] and hence the economy's inflation rate will rise more sharply when prices rise rapidly in a category that carries a relatively weight. iStep by Step Solution
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