Based on the Weight of the Consumer Price Index (CPI),the

question 99

Multiple Choice

Based on the weight of the consumer price index (CPI) ,the price of rental housing increases by 15% and that of owned housing by 5%.During the same year,the price of gasoline falls by 22%.We can say that:

• A) the CPI would definitely fall during the year in question.
• B) the CPI would definitely rise during the year in question.
• C) all other factors being constant, it is likely the CPI would rise during the year in question.
• D) all other factors being constant, it is likely the CPI would fall during the year in question.
• E) all other factors being constant, the CPI would change by about 6% because that is the average housing change plus the average gasoline change.

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Definitions:

Spiders

Arthropods belonging to the class Arachnida, characterized by eight legs, silk-producing spinnerets, and a two-part body consisting of a cephalothorax and abdomen.

Winged Invertebrates

Invertebrate animals that possess wings, allowing them to fly; includes insects and some species of arachnids.

Hymenoptera

An order of insects that includes wasps, bees, and ants, characterized by two pairs of wings and a constriction between the abdomen and thorax.

Insects

A class of arthropods characterized by a three-part body (head, thorax, abdomen), three pairs of legs, compound eyes, and one pair of antennae.