To Reduce the Bias in the Consumer Price Index,the Bureau

question 91

Multiple Choice

To reduce the bias in the consumer price index,the Bureau of Labor Statistics

• A)updates the market basket every two years,rather than every 10 years.
• B)updates the market basket every 10 years,rather than every two years.
• C)incorporates substitutions by consumers when prices of specific products rise rapidly.
• D)incorporates substitutions by consumers when prices of specific products fall rapidly.

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Definitions:

Diabetes

A chronic disease characterized by high levels of sugar in the blood, caused by improper insulin production or use.

Fasting Blood Glucose

A test that measures blood sugar levels after an individual has not eaten for at least 8 to 12 hours, used to diagnose diabetes.

Glucose Tolerance Test

A test that measures the body's ability to metabolize glucose and is used to diagnose conditions like diabetes and insulin resistance.

Blood Is Drawn

A medical procedure where a small amount of blood is taken from a person's body, usually for testing purposes.