Question

The BLS surveys​ 30,000 households on their spending habits. The results are used to construct a market basket of goods and services purchased by the typical urban family of four. The chart on the right shows these goods and services grouped into eight broad categories for December 2016. The percentages represent the expenditure shares of the categories within the market basket. Which of the following categories make up about​ three-quarters of the market​ basket?A. medical​ care, housing, and food B. ​housing, transportation, and food C. ​housing, medical​ care, and education D. medical​ care, recreation and food

Answer 1

Answer:

B. housing, transportation, and food

Explanation:

                 BLS stands for "The Bureau of Labor Statistics". It is government agency operating in the United States Department of Labor.

                The Bureau of Labor Statistics is conducting a survey on 30,000 households upon their spending habits as to make a record of what goods and services does a typical urban U.S. family of four spends their money on.

They are preparing a chart showing the expenditure made by a family for December 2016.

                 In this survey by  Bureau of Labor Statistics, it is found that three-quarters of the market​ basket that a typical urban U.S. family of four spends on are housing, transportation, and food.

Thus the answer is B. housing, transportation, and food.

Answer 2

Answer:

the correct answer is C

Explanation:

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