In the Basket of Goods That Is Used to Compute

question 13

Multiple Choice

In the basket of goods that is used to compute the consumer price index,which of the following categories of consumer spending is the smallest?

• A)food & beverages
• B)recreation
• C)housing
• D)apparel

---

Definitions:

Common Stock

A type of security that denotes ownership in a corporation and represents a claim on part of the corporation's profits or losses.

Cash Flow Statement

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Investing Activities

Transactions involving the acquisition or disposal of long-term assets and other investments not considered as cash equivalents by a company.

Net Book Value

The current book value of an asset or company after accounting for depreciation or amortization.