The Base Year for a Price Index Is the Year

question 158

Multiple Choice

The base year for a price index is the year

• A)in which prices are lowest
• B)in which prices are highest
• C)in which real output is largest
• D)in which prices were stable
• E)that serves as a reference point

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Definitions:

Sickle-cell Anemia

A genetic blood disorder characterized by red blood cells that assume an abnormal, rigid, sickle shape.

Heterozygote Advantage

A genetic phenomenon where individuals heterozygous at a particular gene locus have a higher fitness than either of the homozygous forms.

Evolutionary Change

The process through which species undergo modification and diversification over generations due to natural selection, genetic drift, and other mechanisms.

Tolerant

Tolerant describes an organism's ability to withstand or survive within a range of environmental or situational conditions.