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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 Food & Beverages Increases by 10
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If the Cost of Food & Beverages Increases by 10

Question 176

Question 176

Multiple Choice

If the cost of food & beverages increases by 10 percent,then,other things the same,the CPI is likely to increase by about


A) 1.5 percent.
B) 7.5 percent.
C) 10 percent.
D) 20 percent.

Correct Answer:

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