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QuizMultiple Choice

Measuring the Economy

Question 1 • VT-GA-EOC-Personal Finance & Economics A ULHS

A __________ contains thousands of specific items that represent what average urban households purchase month after month.

Answer
A
price index
B
dollar value
C
business cycle
D
market basket

Explanation

A market basket is a collection of goods and services chosen to represent what a typical household regularly buys. It may contain thousands of specific items, and changes in its total cost are used to track price levels. Therefore, the correct choice is “market basket.”

AI-written and checked against the verified answer.

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