Question

How does the bureau of labor statistics determine how the market basket should change over time?

Answer 1

The Bureau determines it according to the importance of the basket for citizens and citizens.

Step-by-step explanation:

The price level is defined as a measure of the prices and goods of a country.

Several aspects are taken into account to calculate them, related to the importance it has for consumers and citizens and expresses the average level that each of the goods can have.

Answer 2

The bureau of labour statistics determines how the market basket will change by conducting consumer expenditure report.