A family who is struggling financially has recently undergone an assessment to estimate the costs of necessities,such as food,shelter,and transportation,compared to their disposable income.Which of the following measuring devices was used?

Question

Quizplus · Accepted Answer

The market-basket measure is used to estimate the cost of a representative selection of goods and services necessary for a family to live at a modest, but adequate, standard. This measure is often used to evaluate the affordability of basic needs for families and individuals with low incomes.

A Family Who Is Struggling Financially Has Recently Undergone an Assessment