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The Market Basket Measure Is Calculated by Estimating the Cost

Question 32

Multiple Choice

The Market Basket Measure is calculated by estimating the cost of purchasing specific goods and services that represent a basic standard of living, including ________.


A) a nutritious diet
B) the median cost of a two- or three-bedroom rental unit
C) clothing and footwear required by a family of two adults and two children
D) transportation costs, using public transit where available or costs associated with owning and operating a modest vehicle where public transit is not available
E) all of the above

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