akuhns03 akuhns03
  • 19-10-2021
  • Social Studies
contestada

How is a market basket used to measure the price level?

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marcolunacarcamo
marcolunacarcamo marcolunacarcamo
  • 19-10-2021

Answer: Once you have picked a basket of goods, you can keep track of how much it cost to buy that particular basket over time. To see if it is increasing or decreasing.

Have a good day :)

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kanyapitts2006
kanyapitts2006 kanyapitts2006
  • 19-10-2021

Answer:

The total value of an item in the market basket makes up the price level

Explanation:

Hope this helps.

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