Find the Odd One Out regarding commodity weights in the Consumer Price Index (CPI):
Correct Answer: Manufactured Products (64.23%)
Subject: economics
- Food & Beverages (45.86%)
- Manufactured Products (64.23%)
- Housing (10.07%)
- Fuel & Light (6.84%)
Explanation: • <b>Key Fact</b>
"Manufactured Products (64.23%)" is a component of the WPI, not CPI.
• <b>Supporting Detail</b>
CPI's largest component is Food & Beverages (45.86%).
• <b>Related Concept</b>
WPI has three main groups: Manufactured Products, Primary Articles, and Fuel & Power.
• <b>Why wrong options are wrong</b>
A, C, and D are valid weights within the CPI basket.
• <b>Exam Trick</b>
CPI = Food dominates (~46%). WPI = Manufactured products dominate (~64%).
• <b>Additional Info</b>
CPI also includes Miscellaneous services at 28.32%.