The Major Difference Between the Producer Price Index and the Consumer

question 111

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

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