Question 4. Cost of living and the unemployment A government agency collects the data on the following

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Question 4. Cost of living and the unemployment A government agency collects the data on the following consumer goods: Good Weight in the index Price in 2020 Price in 2021 as of 2021 Housing 40% 60 63 Clothes 35% 10 13 Gas 25% 3.5 5.5 (a) Which price index is the agency calculating? Decide using the three criteria. Given your answer, which agency is doing it? (b) In which direction do you think the share of gas in the index changed between 2020 and 2021? Explain why. What did it do to the accuracy of the index from (a)? Also explain. Be brief and to the point. (c) Find the ination rate of the housing, show work, report its units

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Question 4. Cost of living and the unemployment A government agency collects the data on the following

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