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Which of the following best measures changes in the price level of national product?

Which of the following best measures changes in the price level of national product? Correct Answer The GDP deflator

E-The GDP deflator is a price index for all goods and services that go into national product. It is more inclusive than the CPI (consumer goods) and the PPI (producer inputs).

Related Questions

Two stores A and B bought the same product from the company at the same price. Store A marked the price of the product 50% above its cost price and offered two successive discounts of 15% and 10% on the marked price of the product, while store B marked the price of the product 60% above its cost price and offered two successive discounts of 15% and 12% on the marked price of the product. If a customer buys the product from store B, he has to pay Rs. 986 more than that at store A. At what price the two stores bought the product from the company?
Product A is costlier than product B by Rs. 2. If the price of product A is increased by two times the price of product B. the new price of product A become Rs. 17. What is the price of product B?
In the following question, two statements are numbered as A and B. On solving these statements we get quantities A and B respectively. Solve for the both quantities and choose the correct option. Quantity A: A shopkeeper marks the price of his product 20% above its cost price and sells it at a discount of 10%. If he earns a profit of Rs. 120, what is the cost price of the product? Quantity B: A product is successively sold twice earning a profit of 10% and 20% respectively. If the original cost price of the product is Rs. 1050, what is the final selling price of the product?
Match List I with List II: List I (Pricing Strategies) List II (Description) (A) Ramsay pricing (I) Setting a high price when a product is first introduced and gradually lowering price as it gains scale (B) Price skimming (II) Firm charges lower price (than the ongoing price) to gain market entry (C) Cost plus pricing (III) Price deviations from marginal cost should be inversely proportional to price elasticity of the product (D) Penetration pricing (IV) It is full cost pricing strategy that also includes mark up for target return, degree of competition, price elasticity and availability of substitutes. Choose the correct answer from the options given below:
Two involute gears are designed to mesh for a given centre distance and a given angular velocity ratio (other than 1). During assembly, the centre distance has increased slightly. Then which of the following changes occur? (i) Velocity ratio changes (ii) Pressure angle changes (iii) Pitch circle diameter changes (iv) Working depth changes (v) Base circle radius changes Select the correct answer using the code given below.
When the price of a product was marked 40% above its cost price and was sold at a discount of 25%, the selling price of the product was Rs. 1890. Find the selling price of the product, if the marked price was 30% above the cost price and the discount was 20%.
A company paid Rs. 6,00,000 as bonus to its employees at different levels A, B and C. Each employee at level A receives one and half times of the amount that was paid to each employee at level B and each employee at level B was paid twice the amount paid to the employee at level C. If 50 employees were on level A, 75 on level B and 100 on level C, how much amount was paid to each employee of level A ?
"S produces and sells one product, P, for which the data are as follows:
Selling price Rs 28
Variable cost Rs 16
Fixed cost Rs 4
The fixed costs are based on a budgeted production and sales level of 25,000 units for the next period. Due to market changes both the selling price and the variable cost are expected to increase above the budgeted level in the next period. If the selling price and variable cost per unit increase by 10% and 8% respectively, by how much must sales volume change, compared with the original budgeted level, in order to achieve the original budgeted profit for the period?"
Mundel's classes of change includes
1. Changes in body motions and positions
2. Changes in equipment and working arrangements
3. Changes in production sequence
4. Changes in finished product
5. Changes in raw material
If the selling price of a refrigerator is 26% more than its cost price and the discount offered on its marked price is 4%, then which of the following is correct? I. The ratio of its selling price to the cost price is 63 ∶ 50 II. The ratio of its cost price to the marked price is 7 ∶ 4 III. The ratio of its marked price to the cost price is 21 ∶ 16