A Price Index Is Designed to Measure

Multiple Choice

A price index is designed to measure

A) changes in the general level of employment across time periods.
B) changes in the quantity of output produced across time periods.
C) the market value of output produced during the current period with the value of output produced during an earlier time period.
D) the cost of buying a market basket of goods at a point in time relative to the cost of buying the same market basket during an earlier time period.