The nominal price of industrial red paint was $12 per gallon in 1993.To convert this value to the real price of paint in 2008 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 2008 dollars,we should use the:
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The Producer Price Index (PPI) is used to adjust prices for inflation in the context of industrial goods, such as industrial red paint, to reflect their real value over time.

The Nominal Price of Industrial Red Paint Was $12 Per