Which of the Following Is True About the Consumer Price

question 92

Multiple Choice

Which of the following is true about the consumer price index?

• A)It accounts for people switching to goods whose prices have fallen.
• B)It assumes that consumers purchase the same amount of each product in the market basket each month.
• C)It frequently updates the price changes of new products added to the market basket,as these have a tendency to fall.
• D)It filters out the part of price increases that occurs because of quality improvements in products.

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Definitions:

Nerve Impulses

Electrical signals that transmit information between neurons, allowing for communication throughout the nervous system.

Green-Sensitive Cones

Photoreceptor cells in the retina that are most sensitive to green wavelengths of light, playing a key role in color vision.

Red-Sensitive Cones

Photoreceptor cells in the retina that are particularly responsive to red wavelengths of light, playing a critical role in color vision.

Normal Color Vision

The ability to perceive colors accurately and differentiate between them, based on normal functioning of the cone cells in the retina.