The price index that measures the cost of a basket of goods and services bought by firms is called the
A)industrial price index.
B)producer price index.
C)core price index.
D)GDP deflator.

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. It is a price index that measures the cost of a basket of goods and services bought by firms, often used as an early indicator of inflationary pressure.

The Price Index That Measures the Cost of a Basket