104k views
2 votes
How is a market basket used to measure the price level?

User Palasaty
by
4.4k points

2 Answers

2 votes

Answer:

The total value of an item in the market basket makes up the price level

Step-by-step explanation:

Hope this helps.

User Jemina
by
4.6k points
6 votes

Answer: Once you have picked a basket of goods, you can keep track of how much it cost to buy that particular basket over time. To see if it is increasing or decreasing.

Have a good day :)

User Eigir
by
4.7k points