Which of the following measures prices paid by producers and wholesalers for commodities,including raw materials and finished products?
A) wholesale cost index
B) producer price index
C) GDP index
D) raw material price index

Question

Quizplus · Accepted Answer

The Producer Price Index (PPI) measures the average change in the prices that domestic producers receive for their output, including raw materials and finished goods. It reflects the prices paid by producers and wholesalers at various stages of production. The other options are not relevant to measuring the prices paid by producers and wholesalers for commodities.

Which of the Following Measures Prices Paid by Producers and Wholesalers