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An Example of the Quality Change Bias, and Not a New

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An example of the quality change bias, and not a new goods bias, in the calculation of the CPI is a price increase in


Definitions:

Laboratory Value

A numerical result obtained from a laboratory test that measures specific markers in blood, urine, or other body fluids, used to assess health or diagnose conditions.

Calcium

A chemical element and a vital mineral in the human body necessary for bone health, muscle function, and nerve signaling.

Sodium

An essential mineral that plays crucial roles in the body, including maintaining normal fluid balance and supporting nerve and muscle function.

Chloride

A negatively charged ion commonly found in salt compounds, essential for maintaining fluid balance and blood pressure.

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