Which of the following measures the level of prices at the wholesale or producer level ?
GDP deflator
CPI
PPI
GNI
Which of the following services as a measure of the overall price level in an economy?
Both a and b
Neither a nor b
Which of the following is an index of the volume or quantity of goods and services provided?
Real GDP
Which of the following is NOT a category of consumption expenditures?
Durable goods
Non durable goods
Services
Imports
In order to avoid ____, when calculating GDP, one should include only the final goods and exclude the intermediate goods that are used in the production.
Inflation
Status beat bias
Double counting
Value added