Solved

The Major Difference Between the Producer Price Index and the Consumer

Question 289

Multiple Choice

The major difference between the producer price index and the consumer price index is that the produce price index _____ and the consumer price index _____.


A) is based on retail prices; is based on wholesale prices
B) measures the cost of living of self-employed workers; measures the cost of living of salaried workers
C) generally registers a higher rate of inflation; generally registers a lower rate of inflation
D) is based on the cost of a basket typically purchased by producers; is based on the cost of a basket typically purchased by consumers

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents