poptarts12345
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- HSC
- 2021
According to the data, which CPI expenditure group contributes most to the inflation rate?
a.Food
b.Health
c.Clothing
d.Housing
Why is the answer D?
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How do I find inflation? (1 Viewer)
- Thread starter poptarts12345
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According to the data, which CPI expenditure group contributes most to the inflation rate?
a.Food
b.Health
c.Clothing
d.Housing
Why is the answer D?
Housing has a 15% weighting factor and has experienced 15% inflation.
0.15 * 15% = 2.25% - this is how much housing has contributed to overall inflation.
If you calculate the same figure for the other 3 options, you'll get a) = 2%, b) = 2%, and c) = 1.5%.
This means that housing has had the greatest influence on inflation and so that is the correct answer.
0.15 * 15% = 2.25% - this is how much housing has contributed to overall inflation.
If you calculate the same figure for the other 3 options, you'll get a) = 2%, b) = 2%, and c) = 1.5%.
This means that housing has had the greatest influence on inflation and so that is the correct answer.