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    Principles of Macroeconomics Study Set 8
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    Exam 11: Measuring the Cost of Living: The Consumer Price Index
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    If the Cost of Transportation Increases by 20 Percent,then,other Things
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If the Cost of Transportation Increases by 20 Percent,then,other Things

Question 173

Question 173

Multiple Choice

If the cost of transportation increases by 20 percent,then,other things the same,the CPI is likely to increase by about


A) 0.3 percent.
B) 1.6 percent.
C) 3.2 percent.
D) 10 percent.

Correct Answer:

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