To an economist a "market basket" is made up of

Question

Quizplus · Accepted Answer

A market basket is a collection of goods and services that are regularly purchased by a typical consumer. This includes items such as food, clothing, housing, transportation, and entertainment. Economists use market baskets to track changes in prices over time and to calculate a consumer price index. Therefore, the best choice is A, as it defines a market basket as the goods average people buy and the quantities in which they buy them.

To an Economist a "Market Basket" Is Made Up of