Which of the Following Statements Best Defines the Producer Price

question 58

Multiple Choice

Which of the following statements best defines the producer price index (PPI) ?

• A) It measures the change over time in the prices that businesses pay each other for goods and services.
• B) It refers to the quantity of products that consumers are willing to buy at different market prices.
• C) It measures the change in weighted-average price over time in a consumer market basket of goods.
• D) It refers to a standard equation that is used to determine the resources needed to produce a certain quantity of goods.

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