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Which of the following is true about the comparison between the CPI (Consumer Price Incdex) and the PPI (Producer Price Index? Select one: A. Unlike
Which of the following is true about the comparison between the CPI (Consumer Price Incdex) and the PPI (Producer Price Index?
Select one:
A. Unlike the CPI that uses prices people pay, the PPI uses the prices measured at the wholesale level.
B. The PPI is more commonly used to adjust wages for changes in the cost of living than the CPI.
C. Both indices are based on the same basket of goods and services.
D. The PPI uses prices paid by rural citizens, the CPI uses prices paid by urban citizens.
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