The price index that measures price changes for the entire economy, regardless of whether the goods and services measured are purchased by households, businesses, or government units is the:
A) GDP Price Index.
B) Aggregate Price Index.
C) Consumer Price Index.
D) Compound Price Index.

Question

Quizplus · Accepted Answer

The GDP Price Index measures the price changes for the entire economy, capturing the prices of all goods and services produced domestically, regardless of whether they are purchased by households, businesses, or government units.

The Price Index That Measures Price Changes for the Entire