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:

Encapsulated

Surrounded by a protective shell or capsule, often referring to bacteria or tumors that are enclosed in a distinct outer layer.

Malignant Tumors

Cancerous growths that are invasive and can spread to other parts of the body.

Wilms Tumor

A type of kidney cancer that primarily affects children.

Glioblastoma

An aggressive type of cancer that can occur in the brain or spinal cord, known for its rapid growth and resistance to treatment.