A representative selection of commonly purchased goods and services used by consumers is called the

Question 32 options:

producer price index (PPI).

base year.

market basket.

consumer price index (CPI).

Question

Zechariah Kelly

Business

9 September, 09:30

A representative selection of commonly purchased goods and services used by consumers is called the

Question 32 options:

producer price index (PPI).

base year.

market basket.

consumer price index (CPI).

+5

Answers (2)

Know the Answer?

Gauge Goodman · Answer 1

market basket.

Explanation:

The Market Basket are the most basic products and services purchased in a house for meeting the most basic needs.

Bryanna Murphy · Answer 2

market basket.

Explanation:

-The producer price index (PPI) is a measurement of the variation in the prices that producers receive for their goods.

-A base year is the year used as a reference when an index is constructed.

-The market basket is a list of items that are frequently purchased and it is used to calculate the cost of living.

-The consumer price index (CPI) is a measurement of the variation in the price of the market basket.

So, a representative selection of commonly purchased goods and services used by consumers is called the market basket.

A representative selection of commonly purchased goods and services used by consumers is called theQuestion 32 options:producer price index (PPI).base year.market basket.consumer price index (CPI).

A representative selection of commonly purchased goods and services used by consumers is called the

Question 32 options:

producer price index (PPI).

base year.

market basket.

consumer price index (CPI).