Question

Question 12 0.25 pts 12. Changes in the producer price index tend to ___changes in actual producer costs. O a. overstate b. understate O c lag behind d. precede Question 13 0.25 pts 13. Trends over the last 70 years for the consumer price index (CPI), producer price index (PPI), and gross domestic product (GDP) deflator show that: a. They exhibit identical patterns. b. They have changed in similar but not identical patterns. c. The GDP deflator has shown considerably higher inflation than the other two measures. d. The producer price index has shown considerably higher inflation than the other two measures.

Answer 1

Question 12 : Answer

A- overstate is correct answer.

changes in the producer price index not considering understate changes the actual producer cost also not consider lag behind

Question 13:Answer

C - the GDP Deflector are shown considerabily higher inflation than the other two measures

Question 14: Answer

A - CPI  correct answer .

PCE- personal consumption expenditures (PCEs) are imputed household expenditures defined for a period of time

PPI The producer price index, or PPI, is a group of indexes that calculates and represents the average movement in selling prices from domestic production over time

GDP Deflector -also called implicit price deflator, is a measure of inflation. It is the ratio of the value of goods and services an economy produces in a particular year at current prices to that of prices that prevailed during the base year.

Question 15 : Answer.

C - correct answer