Definition of the basket of goods and services

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Reference no: EM13998413

What is the best definition of the basket of goods and services included in the consumer price index? - MULTIPLE CHOICE

A. The consumer goods and services produced by Canadian firms.

B. The consumption pattern of a typical Canadian family.

C. The minimum acceptable consumption for a family of four as set by Stats Canada.

D. The sum of all domestic consumer goods bought by Canadians each month.

Please briefly explain your choice.

Reference no: EM13998413

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