Price Indexes Like the CPI Are Calculated Using a Base

question 29

Multiple Choice

Price indexes like the CPI are calculated using a base year. The term base year refers to:

• A) the first year that price data are available.
• B) any year in which inflation was higher than 5 percent.
• C) the most recent year in which the business cycle hit the trough.
• D) an arbitrarily chosen reference year.

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Definitions:

Centrosome

An organelle in animal cells that is the main microtubule-organizing center; typically contains a pair of centrioles and is important in cell division.

Golgi Complex

An organelle in eukaryotic cells involved in modifying, sorting, and packaging proteins and lipids for export or use within the cell.

Lysosome

A membrane-bound organelle found in most eukaryotic cells containing enzymes that digest macromolecules and defective cellular components.

Molecular Chaperones

Proteins that assist the folding or unfolding and the assembly or disassembly of other macromolecular structures, ensuring they attain or maintain the correct functional conformation.