Current expenditure is unaffected by quantity changes

Reference no: EM133531496

Question: Select the sentence from the list below that best explains your answer to part a). multiple choice The CPI-based rate of inflation falls because the lower gasoline price in 2022 is now applied to a higher quantity. The CPI-based rate of inflation goes up to reflect the higher quantity of gasoline in 2022. The CPI-based rate of inflation is unchanged because it calculates the change in the cost of a fixed-weight basket of goods and services based on the quantities from 2021. The CPI-based rate of inflation is unchanged because current expenditure is unaffected by quantity changes in 2022.

Reference no: EM133531496

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