Multiple Choice
If the price of clothing (which accounts for 5 percent of total expenditures in the CPI basket) , rises by 10 percent in one year while the prices of all other goods remain constant, by how much will the CPI rise?
A) 0.5 percent
B) 5 percent
C) 10 percent
D) 50 percent
Correct Answer:
Verified
Correct Answer:
Verified
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