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a price index for a market basket of goods can be found by

a price index for a market basket of goods can be found by

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Answer #1

The correct answer is CPI (Consumer price Index)

The Consumer Price Index (CPI) is a measure that inspects the weighted average of prices of a bin of consumer goods and services, for example, transportation, nourishment and medicinal care. It is ascertained by taking price changes for everything in the foreordained bin of goods and averaging them. Changes in the CPI are utilized to evaluate price changes related with the average cost for basic items; the CPI is a standout amongst the most as often as possible utilized insights for recognizing times of inflation or deflation.

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