Suppose That the Market Basket for the University Student Price

question 156

Multiple Choice

Suppose that the market basket for the university student price index (USPI) consists of 4 textbooks and 100 gallons of gasoline. In 2010, the base year for this index, textbooks cost $50 each and gas costs $1 per gallon. In 2011, textbooks still cost $50 each and gasoline costs $4 per gallon. The USPI for 2011 is:

• A)250.
• B)200.
• C)150.
• D)100.

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Definitions:

Hemodialysis

A medical procedure that uses a machine to filter and purify the blood of individuals whose kidneys are not functioning properly.

Corticosteroids

A class of steroid medications used to reduce inflammation and suppress the immune system, treating a range of conditions from asthma and allergies to autoimmune diseases.

Dorsum

The anatomical term for the back or upper surface of an organ, part, or structure in the body, such as the dorsum of the hand.

Dialysis Fistula

An artificial connection created between an artery and a vein, primarily in the arm, to enhance blood flow during hemodialysis.