[Solved] Which of the following is a correct statement? A)Inflation is measured as the percent change in the CPI. B)The CPI is a widely used measure of the inflation rate. C)Real GDP is our best measure of economic growth. D)The PPI measures inflation as experienced by producers. E)Inflation is measured as changes in the unemployment rate. Production: The process of converting materials, labor, and capital into finished goods and services that can be sold to customers. Budgeted Production: The estimated quantity of products that a company plans to produce in a specific period, often used for planning material, labor, and overhead requirements. Product XXX: Suggests a placeholder name for a product, often used when the specific product name is not disclosed or relevant. Units: A measurement or quantity, especially in the context of production, sales, or accounting, representing a standard or specific amount of a product or service.