The broadest price index is:

Question

Quizplus · Accepted Answer

The GDP deflator is considered the broadest price index as it includes all goods and services produced in an economy, regardless of who produces them or who the intended consumer is. This is in contrast to the CPI, which only measures the prices of goods and services purchased by urban consumers, and the producer price index, which only measures the prices received by producers. The economy-wide deflator is not a commonly used term in economics.

The Broadest Price Index Is