-For the CPI, What Is the Base Year

question 27

Multiple Choice

-For the CPI, what is the base year?

• A) It is the benchmark against which other years are compared, and it changes each year.
• B) It is the benchmark against which other years are compared, and it changes occasionally.
• C) It is the year the CPI first appeared.
• D) It is the year prior to the year for which the CPI is calculated.

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Definitions:

Gender

A social construct that refers to roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

Nominal Variables

Categorical data that classify data into distinct categories that do not have an inherent order or ranking.

Cross-Classification Table

A cross-classification table displays the frequency distribution of variables in a table format, facilitating the analysis of the relationship between two or more categorical variables.

Cross-Classification Table

A table used to display the frequency distribution among variables, showing how many times each combination of variable categories occurs.