Which of the Following Is True About the Consumer Price

question 139

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 updates yearly to allow for new products to be added to the market basket.
• D)It filters out the part of price increases that occurs because of quality improvements in products.
• E)It updates yearly to account for changes in the places where people shop.

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Definitions:

Rosalind Franklin

Rosalind Franklin was a British chemist and X-ray crystallographer whose work was critical in understanding the molecular structures of DNA, RNA, viruses, coal, and graphite.

DNA

Deoxyribonucleic acid, a molecule that contains the instructions an organism needs to develop, live, and reproduce.

Nucleotide

Monomer of DNA and RNA consisting of a 5-carbon sugar bonded to a nitrogenous base and a phosphate group.

Nitrogen-Containing Base

An organic molecule with nitrogen that serves as a fundamental building block of the nucleic acids DNA and RNA.