What does the PPI measure?
A) the level of production of goods and services generated in the economy in a given year
B) the average of the prices received by producers of goods and services at all stages of the production process
C) the average change in the prices paid for all goods produced in the economy over a given year
D) the difference between the prices consumers pay for goods and services and the prices producers pay for goods and services
B
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Which of the following will likely increase the demand for downtown parking in a large city?
A) Improved bus service to the downtown area B) Lower downtown parking fees C) More downtown parking lots D) More freeways leading to the downtown area E) Much higher gasoline prices
In the national income accounts, investment includes: a. expenditures on durable consumer goods. b. government construction of a new dam
c. additions to business inventories. d. purchases of used machinery by businesses.