multiple choice question\na price index is a measure of the average price of a given class of goods or…

multiple choice question\na price index is a measure of the average price of a given class of goods or services relative to the price of\n\na different class of goods and services.\n\nthe same basket of goods or services in a base year.\n\nthe same basket of goods or services in the previous year.\n\nneed help? review these concept resources.\n\nread about the concept

multiple choice question\na price index is a measure of the average price of a given class of goods or services relative to the price of\n\na different class of goods and services.\n\nthe same basket of goods or services in a base year.\n\nthe same basket of goods or services in the previous year.\n\nneed help? review these concept resources.\n\nread about the concept

Answer

Brief Explanations:

A price index compares current - period prices of a basket of goods or services to their prices in a base year. It's not about comparing to a different class of goods/services or the previous - year price of the same basket for the base - concept of a price index.

Answer:

the same basket of goods or services in a base year.