Question

What measures the change in prices of a basket of goods and services in a given year?

A) recession
B) depression
C) deflation
D)) inflation

Answer 1

Its D or inflation.

Ive took the test and tried all the answers

Answer 2

The average change over time in the prices paid by urban consumers for a market basket goods and services of consumer is measured by the consumer price index. A general increase in the cost of goods and services which also measures the change in prices of a basket of goods and services in a given year is inflation.