The measure of the cost of a standard basket of goods and services in any period relative to the cost of the same basket of goods and services in the base year is called the:
A)consumption cost calculator.
B)consumption production index.
C)consumer production index.
D)consumer price index.

Question

Quizplus · Accepted Answer

The consumer price index compares the cost of a standard basket of goods and services in any period relative to the cost of the same basket of goods and services in the base year.

The Measure of the Cost of a Standard Basket of Goods