The nominal price of industrial red paint was $12 per gallon in 1993. To convert this value to the real price of paint in 2017 dollars, we should use the:

Name: The nominal price of industrial red paint was $12 per gallon in 1993. To convert this value to the real price of paint in 2017 dollars, we should use the:
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The Producer Price Index (PPI) is used to adjust prices of goods at the wholesale level, such as industrial paint, to account for inflation and convert nominal prices to real prices.

The Nominal Price of Industrial Red Paint Was $12 Per