_____ is a measure of the changes in the average prices received by domestic producers for their output.
A) The consumer price index
B) The producer price index
C) Personal consumption expenditure
D) The GDP deflator

Question

Quizplus · Accepted Answer

The producer price index (PPI) measures the changes in the average prices received by domestic producers for their output. The consumer price index (CPI) measures the changes in the prices paid by consumers for goods and services. Personal consumption expenditure (PCE) measures the household purchases of goods and services. The GDP deflator measures the changes in the prices of all goods and services produced in an economy, including those produced by the government and foreign firms.

_____ Is a Measure of the Changes in the Average