When the Cost of the CPI Market Basket Increases from One

question 38

Multiple Choice

When the cost of the CPI market basket increases from one year to the next,we know that

• A)on the average,current prices are less than past year prices.
• B)the quantities of the goods and services contained in the CPI market basket have increased on the average.
• C)the prices of the goods and services contained in the CPI market basket have increased on the average.
• D)on the average,current prices are below base year prices.
• E)either the quantities of the goods and services contained in the CPI market basket have increased on the average and/or the prices of the goods and services contained in the CPI market basket have increased on the average.

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Definitions:

Flickering

A rapid and unsteady flash or fluctuation of light, often creating a disorienting or distraction effect.

Infant

A very young child or baby, typically under one year of age.

Cortex

The outer layers of the brain in humans and other mammals. Most thinking, feeling, and sensing involves the cortex.

Outer Layers

Pertains to the exterior surfaces or coatings of an object, material, or biological entity, often protecting or enclosing more sensitive inner structures.