A price index shows
a. the current cost of a basket of goods.
b. the relative price of necessities.
c. the price of goods in the future.
d. the cost of today’s goods expressed in terms of the cost of goods in a base year.
A price index shows
a. the current cost of a basket of goods.
b. the relative price of necessities.
c. the price of goods in the future.
d. the cost of today’s goods expressed in terms of the cost of goods in a base year.