The price index that refers to all final goods and services produced in a country is the
A)GDP deflator.
B)PPI.
C)CPI.
D)GDP inflator.

Question

Quizplus · Accepted Answer

The GDP deflator is a measure of the overall price level of goods and services produced in a country. It reflects changes in the prices of all domestically produced final goods and services in an economy. The PPI measures the average change in prices received by producers for their output, while the CPI measures the average change in prices paid by consumers for a basket of goods and services. There is no such thing as a GDP inflator.

The Price Index That Refers to All Final Goods and Services