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.

---

Definitions:

American Health Information Management Association

A professional association for health information professionals involved in the management of medical records and healthcare information.

National Organization

An entity that operates within a specific country, often aiming to address issues, provide services, or represent interests at a national level.

Diagnosis

The process of identifying a disease or condition from its signs and symptoms.

Medical Dictionary

A specialized dictionary containing terms and definitions related to medicine and healthcare fields, used as a reference by professionals and students.