Question
Category Weight in the Market Basket Current Inflation Rate Food (home and away) 13.0% 7.9% Housing 33.0 4.7 Gasoline 3.7 6.6 Higher Education 1.5 2.0
| Category | Weight in the Market Basket | Current Inflation Rate |
| Food (home and away) | 13.0% | 7.9% |
| Housing | 33.0 | 4.7 |
| Gasoline | 3.7 | 6.6 |
| Higher Education | 1.5 | 2.0 |
(a) How does your spending differ from the spending shown in the table?
(b) Based on your response to question (a), does the aggregate inflation rate over or understate your personal experience?
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Economics of Managerial Decisions
Authors: Roger Blair, Mark Rush
1st edition
134166167, 978-0134166162, 9780134140773 , 978-0133548235
