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Goryan [66]
3 years ago
7

What measures the change in prices of a basket of goods and services in a given year?

Business
2 answers:
Bogdan [553]3 years ago
8 0

Its D or inflation.

Ive took the test and tried all the answers

Strike441 [17]3 years ago
3 0
<span>The average change over time in the prices paid by urban consumers for a market basket goods and services of consumer is measured by the consumer price index. A general increase in the cost of goods and services which also measures the change in prices of a basket of goods and services in a given year is inflation.</span>
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Answer:

b. equivalent units of output.

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Thus, when we use FIFO method and we want to calculate the unit cost of materials assuming inventory of raw material is also added in stages rather than completely adding it as a first step itself, the correct equation = Total cost of materials/equivalent units of output.

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3 years ago
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