For Purposes of Calculating the CPI,the Transportation Category of Consumer

question 91

Multiple Choice

For purposes of calculating the CPI,the transportation category of consumer spending includes the cost of

• A)subways.
• B)gasoline.
• C)both subways and gasoline.
• D)neither subways nor gasoline.

---

Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Liable

Being legally responsible for something, especially in terms of owing money or being obligated to perform under the terms of a contract.

Real Estate Agent

A professional authorized to negotiate and conduct real estate transactions on behalf of sellers and buyers.

Written Offer

A formal proposal presented in written form to engage in a contract or agreement.