multiple choice question a measure of the average price of a given class of goods and services relative to…

multiple choice question a measure of the average price of a given class of goods and services relative to the price of the same goods and services in a base year is known as a real quantity. the real interest rate. a price index. the rate of inflation.

multiple choice question a measure of the average price of a given class of goods and services relative to the price of the same goods and services in a base year is known as a real quantity. the real interest rate. a price index. the rate of inflation.

Answer

Brief Explanations:

A price index measures the average price of a given class of goods and services relative to a base - year price. A real quantity is a physical amount, the real interest rate is adjusted for inflation, and the rate of inflation is the percentage change in a price index over time.

Answer:

C. a price index