I the Consumer Price Index Measures the Change in Prices

question 85

Multiple Choice

i. The Consumer Price Index measures the change in prices of a fixed market basket of goods and services from one period to another. ii. The CPI is not just one index, but includes a large number of groups, subgroups and selected items, such as a food index, a transportation index and a shelter index.
iii. The Consumer Price Index is based on more than 600 separate goods and services used by most urban and rural families.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) and (ii) are correct statements but not (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Sinkholes

Depressions or holes in the ground caused by the collapse of a surface layer, occurring in areas where the rock below is limestone, carbonate rock, salt beds, or other rocks that can be dissolved by groundwater.

Sinkhole

A natural depression formation caused by the dissolution of soluble bedrock or substrate collapse.

Weathering

The natural process where rocks are broken down or dissolved into smaller pieces by chemical, physical, or biological factors.

Clay Minerals

A group of hydrated silicates of aluminum, sometimes with iron, magnesium, or other cations, which possess fine-grained structures and are a major component of soils.