Which price index measures the average price received by suppliers?
A) the consumer price index
B) the GDP deflator
C) the producer price index
D) the wholesale price index

Question

Quizplus · Accepted Answer

The producer price index (PPI) measures the average change over time in the selling prices received by domestic producers for their output. This includes prices for goods, intermediate goods, and services sold to other businesses or the government, but does not include prices for goods and services sold to households (which are measured by the consumer price index).

Which Price Index Measures the Average Price Received by Suppliers