What percentage of Aggregate Expenditure is consumption in recent decades?

"The bias in the CPI distorts private contracts because a future payment that is linked to the CPI will be raised above the true increase in the price level." Is the previous sentence true or false?

What will be an ideal response?

Refer to Figure 18-5. The highest 20 percent of households

A) earn 24 percent of the society's total income. B) earn 28 percent of the society's total income. C) earn 42 percent of the society's total income. D) earn 72 percent of the society's total income.