By using the market basket approach:

By using the market basket approach: 




A. it allows us to see how your cost of living is affected by the changing prices of different goods relative to how much of each good you buy.

B. we get a more accurate picture of the changing cost of living than by simply averaging the changing prices of goods listed in the market basket.

C. we get a clearer picture of the changing cost of living than by averaging the changing prices of all goods and services produced.

D. All of these statements are true.




Answer: D


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