All answers must be correct. You can pick only one option for each box, not muli

Question

All answers must be correct. You can pick only one option for each box, not mulitiple one.

Please indicate whether the following statements are true or false as they relate to the producer price index (PPI) by selecting the appropriate label. Each label will be used more than once. Statement 1: PPI measures the average change in the selling price that domestic producers receive for their output during a given time period Statement 2: PPI was formerly known as the wholesale-retail price index. Statement 3: PPl is not a leading indicator of the consumer price index (CPI) Statement 4: For many products, the price from the very first business transaction involving that product is included in the PPl Statement 5: PPl is comprised of a solitary price index. True False

Explanation / Answer

Statement 1: True

Statement 2:True

Statement 3:True

Statement 4:True

Statement 5: False

CPI

CPI

GDP deflator (forklifts aren't included in the basket of goods )

GDP deflator

CPI

CPI

CPI

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