By using the market basket approach:
A. 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.
B. we get a clearer picture of the changing cost of living than by averaging the changing prices of all goods and services produced.
C. it allows us to see how cost of living is affected by the changing prices of different goods relative to how much of each good you buy.
D. All of these statements are true.
Answer: D
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a. true b. false
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