Question

Which of the following statements regarding the producer price index (PPI) is CORRECT? The oldest continuous statistical...

Which of the following statements regarding the producer price index (PPI) is CORRECT?

The oldest continuous statistical series published by the Department of Global Economics.

Based on approximately 500 stock prices.

A group of indexes that measures the average change in the selling prices received by domestic producers of goods and services.

Measures the level of prices at the retail level.

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Answer #1

Option ,A group of indexes that measures the average change in the selling prices received by domestic producers of goods and services.

Reason : It is published by the Bureau of Labor Statistics and is based on selling prices.

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