The broadest measure of the price level that includes all final goods and services is
A)the producer price index .
B)the consumer price index.
C)the GDP deflator.
D)the wholesale price index.

Question

Quizplus · Accepted Answer

The GDP deflator includes all final goods and services produced domestically, regardless of whether they are consumed by households or businesses. The consumer price index only measures the prices of goods and services purchased by households, while the producer price index and wholesale price index focus on prices at earlier stages of production.

The Broadest Measure of the Price Level That Includes All