Which one of the following is not a measure of the price level? O A. Government

Question

Which one of the following is not a measure of the price level? O A. Government Price Index an average of the prices paid by the government for goods and services used only by different government agencies O B. Consumer Price Index an average of the prices of goods and services a typical family of four would purchase O C. Producer Price Index an average of prices received by fims for goods and services at all stages of production 0 D. GOP Deflator broadest measure of the average price level as it includes prices of every final good and service.

Explanation / Answer

All indices like consumer price index, producer price index and GDP deflator are measures of price level except for government price index. There's no such index that exists.

OPTION A

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