Which of the following statements is true concerning the producer price index? T

Question

Which of the following statements is true concerning the producer price index? The producer price index is just another term for the GDP deflator. Changes in the producer price index generally follow changes in the CPI. The producer price index measures the cost of a basket of goods typically purchased by producers. The producer price index shows how the cost of all purchases by urban families changes. Investment spending is: spending on productive physical capital. spending on bonds. spending on shares of stock. spending on productive physical capital, on bonds, and on shares of stock. A simplified representation that is used to study a real situation is called: a model. a production possibility frontier. an assumption. a trade-off.

Explanation / Answer

Q1.46.The producer price index is just another term for GDP Deflator.

Q1.47.Investment spending is spending on productive physical capital, on bonds and on share of stocks.

Q1.48. A simplified representation that is used to study a real situation is called a model.

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