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Canadians Spend About 27 Percent of Their Total Expenditures on Housing

Question 171

Multiple Choice

Canadians spend about 27 percent of their total expenditures on housing. If the price of housing increases by 10 percent, by how much does the CPI increase?


A) 0.27 percent
B) 2.7 percent
C) 27 percent
D) 270 percent

Correct Answer:

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