What Basket of Goods and Services Is Used to Construct

question 12

Multiple Choice

What basket of goods and services is used to construct the CPI?

• A)a random sample of all goods and services produced in the economy
• B)the goods and services that are typically bought by consumers as determined by government surveys
• C)only food,clothing,transportation,entertainment,and education
• D)the least expensive and the most expensive goods and services in each major category of consumer expenditures

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Definitions:

Elastic Tissue

Connective tissue made of elastin fibers that allow tissues in the body to resume their shape after stretching or contracting.

Loose Connective Tissue

Loose connective tissue is a type of connective tissue characterized by loosely interwoven fibers that provide support and elasticity in various body parts.

Simple Squamous Epithelium

A type of epithelial tissue consisting of a single layer of flat, scale-like cells, involved in functions like diffusion and filtration in various organs.

Brachiocephalic Vein

A major vein formed by the union of the internal jugular and subclavian veins that carries deoxygenated blood to the heart.