The average total of goods and services required to maintain a particular standard of living is called ________.

Name: The average total of goods and services required to maintain a particular standard of living is called ________.
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Quizplus · Accepted Answer

The term "cost of living" refers to the average total of goods and services required to maintain a particular standard of living. It takes into account expenses like housing, food, transportation, healthcare, and other basic necessities.

The Average Total of Goods and Services Required to Maintain