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goji.go goji.go
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11 years ago
Describe how the consumer price index (CPI) uses the "market basket" to measure price changes.
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Diesel
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bbb
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11 years ago
The CPI measures price changes by creating a "market basket" of a specified set of goods
and services that represent the average buying pattern of urban households.The value of this market basket, as determined by the combined prices of these goods and services, is compared to its value in a prior period (generally a month) and the change is noted.
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goji.go Authorgoji.go
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11 years ago
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