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What Is the Consumer Price Index (CPI)? Explain with an Example

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What is the consumer price index (CPI)? Explain with an example.


Definitions:

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in the production of four genetically distinct haploid cells.

Gametes

the male and female sex cells (sperm and eggs respectively) that unite during fertilization to form a new organism.

Haploid

A cell or organism that has a single set of chromosomes, half the diploid number, typical of gametes.

Sperm

Male reproductive cells responsible for fertilizing the female's ovum, contributing to genetic makeup of the offspring.

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