The producer price index measures changes in the cost of a market basket of raw commodities, such as steel, electricity, and coal.

Name: The producer price index measures changes in the cost of a market basket of raw commodities, such as steel, electricity, and coal.
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Question

Quizplus · Accepted Answer

The statement is true. The producer price index measures changes in the cost of raw goods and materials used in production, not finished goods sold to consumers.

The Producer Price Index Measures Changes in the Cost of a Market