What does the PPI measure?
A)the average change in the prices paid for all goods produced in the economy over a given year
B)the average of the prices received by producers of goods and services at all stages of the production process
C)the level of production of goods and services generated in the economy in a given year
D)the difference between the prices consumers pay for goods and services and the prices producers pay for goods and services

Question

Quizplus · Accepted Answer

The PPI (Producer Price Index) measures the average of the prices received by producers of goods and services at all stages of the production process. This includes prices of raw materials, intermediate goods, and finished goods.

What Does the PPI Measure