Question 1
The PPI is a price index that tends to be a leading indicator of
◦ past economic performance.
◦ unemployment trends.
◦ future inflation rates.
◦ nominal GDP.
Question 2
The GDP deflator is the
◦ broadest-based price index available.
◦ price index used for the wholesale market.
◦ difference between GDP and national income.
◦ index used to measure deflation but not inflation.