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Economics
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The average price of goods and services in the economy is also known as

A) the cost of living.

B) the price level.

C) the inflation rate

D) a market basket.

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Yusra Anees
Yusra AneesLv10
6 Jan 2021

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Related questions

The average price of goods and services in the economy is also known as:

a. the price level.

b. inflation rate.

c. am market basket.

d. the cost of living

The measure of the average price of goods and services in the economy is also known as _________.

a. The price level

b. The inflation rate

c. The market basket

d. The cost of living

Which of the following statements is true about the consumer price index (cpi):

A.It measures cost of representative basket of goods at the level of first significant commercial transaction

B.It measure of the average prices paid by consumers for all goods and services

C.It is used to measure the standard of living in an economy

D.It measures the average prices paid by consumers for a fixed basket of goods services

E. None of the above

 

 

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