The price of field corn would be included in the _____ price index.
A) consumer
B) personal consumption expenditures
C) producer
D) core consumer

Question

Quizplus · Accepted Answer

The price of field corn would be included in the producer price index, which measures changes in prices at the wholesale level for goods and services bought and sold by producers. The consumer price index (A) measures changes in prices of goods and services purchased by households, while personal consumption expenditures (B) is a broader measure that includes both goods and services purchased by households and government entities. The core consumer price index (D) is a measure that excludes volatile food and energy prices.

The Price of Field Corn Would Be Included in the _____