While calculating the consumer price index, 'housing' as an item is classified as:
- A. Core consumer durable
- B. Core Consumer non-durable
- C. Core capital goods
- D. Core service ✓
Correct Answer: D. Core service
Explanation
In the Consumer Price Index (CPI) basket, housing is treated as a service provided to the occupants (rental service), making it a core service component.
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