Economics Short Answer Question (1 Viewer)

[michaeljennings]

Question 21 (10 marks)
The table shows Consumer Price Index (CPI) data by expenditure group for an
economy.
Expenditure Group Weighting factor in CPI (%) CPI by expenditure group
Food 15 120
Housing 20 110
Health 5 150
(a) Which expenditure group contributed most to the inflation rate?
The answer is Health could someone please explain it to me fully, because i guessed it would be housing

 

[mangoz]

What paper is it from? or is it one of your own?

 

[michaeljennings]

cant remember cos i posted this question a while ago but it was from a past hsc. Ill probably search for it later and tell you if i get around to it

 

[powlmao]

Would be so much better if you posted the graph.

But without it I would assume because Health has the highest %