If the Price of Housing (Which Accounts for 40% of Total

question 121

Multiple Choice

If the price of housing (which accounts for 40% of total expenditures in the CPI basket) , rises by 5% in one year while the prices of all other goods remain constant, by how much will the CPI rise?

• A)2%
• B)5%
• C)10%
• D)40%

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Definitions:

Environmental Factors

External elements such as climate, pollution, and socioeconomic conditions that can influence an individual's health, behavior, and development.

Social Factors

Elements that influence individuals' living conditions, behaviors, and life chances, including socioeconomic status, education, and family dynamics.

Psychological Factors

Elements of human psychological functioning that can influence behaviors, feelings, and thoughts.

Posttraumatic Stress Disorder

a mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.