helps in measuring the change in prices.

Inflation

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Standard of living

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Price index

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Budgeting

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Solution

The correct option is C Price index
To calculate inflation, a price index can be used. It indicates the changes in prices of the total set of items over time. This helps in measuring the change in prices.

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Similar questions

Changes in price and quantity, measured in terms of the original units, is known as

A consumer price index measures changes in

(i) retail prices

(ii) wholesale prices

(iii) producers prices

Which of the following statement(s) is/are correctly stated?

Codes :

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