The broadest measure of the price level that includes all final goods and services is
A)the producer price index.
B)the consumer price index.
C)the GDP deflator.
D)the wholesale price index.
E)house price index.

Question

Quizplus · Accepted Answer

The GDP deflator measures the price level of all final goods and services included in GDP, whereas the other options are more specific in their coverage (e.g. producer price index only measures prices at the producer level, consumer price index only measures prices of goods and services purchased by consumers).

The Broadest Measure of the Price Level That Includes All