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9 Table 1.13 shows index data on the overall CPI and three items included in the CPI. Explain why you either agree or disagree with these statements:...


1.9 Table 1.13 shows index data on the overall CPI and three items included in the

CPI. Explain why you either agree or disagree with these statements:

a. Food cost more than housing in 2010.

b. Housing cost more than food in 2000 but cost less than food in 2010.

c. The cost of food went up more than the cost of housing between 2000 and 2010.


1.10 (continuation) Explain why you either agree or disagree with these statements:

a. Apparel cost less than food in 2000.

b. The cost of apparel went down between 2000 and 2010.

c. The cost of food went up more than the overall CPI between 2000 and 2010.


CPIFOODApparelHousing
2000172.2168.4129.6169.6
2010218.1219.6119.5

216.3



 


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