The broadest measure of the price level that includes all final goods and services is
A) the producer price index .
B) the consumer price index.
C) the GDP deflator.
D) the wholesale price index.
Answer: C
Economics
You might also like to view...
In the figure above, what happens to total revenue as we move from point A to point B?
A) It increases. B) It decreases. C) It remains constant. D) It becomes negative. E) More information about the elasticity of demand is needed to determine if it increases, decreases, or does not change.
Economics
The price elasticity of demand for an agricultural product is 0.4. This value means that, when the quantity decreases 1 percent, the price
A) falls 4 percent. B) rises 4 percent. C) falls 2.5 percent. D) rises 2.5 percent. E) rises 0.25 percent.
Economics