The Consumer Price Index CPI)

question 194

Multiple Choice

The consumer price index CPI)

• A) measures the increase in the prices of the goods included in GDP.
• B) is the ratio of the average price of a typical basket of goods to the cost of producing those goods.
• C) compares the cost in the current period to the cost in a reference base period of a basket of goods typically consumed in the base period.
• D) compares the cost of the typical basket of goods consumed in period 1 to the cost of a basket of goods typically consumed in period 2.

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Definitions:

Griffith's Transformation Experiment

A groundbreaking experiment by Frederick Griffith in 1928, demonstrating that bacteria could transfer genetic information through a process called transformation.

Nucleosome

A structural unit of a eukaryotic chromosome, consisting of a length of DNA coiled around a core of histone proteins.

Histones

Proteins found in eukaryotic cell nuclei that package and order the DNA into structural units called nucleosomes.