A. Which of the following items might you include in the basket of goods and services for the average student? The basket should include: a. cafeteria meals.
b. washing machines.
c. textbooks.
d. pens.

b. One of the primary expenses in a student’s basket is tuition, which is also included in the BLS calculation of the CPI. Consider the portion of total expenditure tuition accounts for in a student's budget versus a typical household's budget. Given that difference, the value of the student's basket over time has likely changed than the CPI.

A. a. cafeteria meals.  

c. textbooks.

d. pens.

B. More

Explanation:

Students use textbooks and pens at school to study and take down notes. They also go to the cafeteria at meal times to eat. A student does not directly need a washing machine to be a student so the options are cafeteria meals, textbooks and pens.

Overtime, tuition fees have ballooned and are now much higher than they used to be. Students therefore spend a significant amount of their budget on tuition as opposed to Households. It can therefore be said that student's basket overtime has likely changes more than the CPI.

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