To Reduce the Bias in the Consumer Price Index,the Bureau

question 91

Multiple Choice

To reduce the bias in the consumer price index,the Bureau of Labor Statistics

• A)updates the market basket every two years,rather than every 10 years.
• B)updates the market basket every 10 years,rather than every two years.
• C)incorporates substitutions by consumers when prices of specific products rise rapidly.
• D)incorporates substitutions by consumers when prices of specific products fall rapidly.

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Definitions:

LOCATE

A command or function in programming and software applications that is used to find and identify the position of a specified piece of data within a file or database.

LOOKUP

A function used in spreadsheet programs that searches one or more rows or columns for a specified value and returns a corresponding value from a different row or column in the same range.

Grade Filter

A feature or tool used to sort or classify data, often educational grades, based on specified criteria or standards.

Sort A to Z

A function in data management and spreadsheet software that arranges data in ascending alphabetical or numerical order.