The Producer Price Index (PPI) Is a

question 333

Multiple Choice

The Producer Price Index (PPI) is a

• A) statistical measure of a weighted average of prices of a specific set of goods and services purchased by wage earners in urban areas.
• B) statistical measure of a weighted average of prices of commodities that firms produce and sell.
• C) price index measuring the changes in prices of all new goods and services produced in the economy.
• D) price index that tracks the price levee of commodities that firms purchase from other firms.

---

Definitions:

Government Benefits

Refers to forms of financial assistance or service programs provided by governments to support individuals in society, including healthcare, education, and social security.

Aadhaar

Aadhaar is a 12-digit unique identity number issued by the Indian government to residents, based on their biometric and demographic data.

Fairness Approach

A method or strategy in decision-making that emphasizes equity and justice among all participants.

Legal Battles

Refers to disputes resolved in a court of law or through the legal system, often involving issues of rights, contracts, or regulations.