A price index measures:?

Question

A price index measures:

A. the price of specific good or service.

B. the change in the price of a specific good or service.

C. only the prices that change.

D. the average price of a given class of goods or services relative to the price of the same goods and services in a base year.

E. the average price of a class of goods or services that change in any period relative to the prices of the goods or services that have not changed since the base year.

Answer 1

The average price of a given class of goods or services relative to the price of the same goods and services in a base year.

Answer 2

D. the average price of a given class of goods or services relative to the price of the same goods and services in a base year.