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  • 16-10-2016
  • Business
contestada

What measures the change in prices of a basket of goods and services in a given year?

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NaviNielsen
NaviNielsen NaviNielsen
  • 16-10-2016
Consumer Price Index
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majocgonzalez majocgonzalez
  • 17-12-2019

Answer:

Consumer price index

Explanation:

The consumer price index is a measure of the variation in the prices of a group of products and services that are purchased by households  in a specific period. This index is calculated by using the changes in the prices of the items in the basket and averaging them. Because of this, the answer is that the consumer price index masures the change in prices of a basket of goods and services in a given year.

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