Please match the descriptions with the correct price index. A. A price index based on wages in the labor market. B. A broad price index based on all the components of GDP. C. A price index based on the cost of common inputs for firms. D. A measure of inflation based on the cost of goods that households typically purchase. E. A measure of inflation based on the price of imports or exports.

A. A price index based on wages in the labor market. - Employment Cost Index

The employment cost index is a quaterly measure of the cost of hiring for businesses. It is calculated by the Bureau of Labor Statistics.

B. A broad price index based on all the components of GDP. - GDP Deflator

The GDP Deflator measures the change in price of all goods and services produced within a given year in respect to the price level of a selected year (the base year).

C. A price index based on the cost of common inputs for firms. - Producer price index

The producer price index measures the price change of the inputs that firms use to produce output. (for example, raw materials, gas, electricity, and intermediate goods).

D. A measure of inflation based on the cost of goods that households typically purchase. - Consumer price index

This is perhaps the most well-known price index. It measures the price change of a selected basket of goods and services that is most commonly bought by households.

E. A measure of inflation based on the price of imports or exports. - International Price Index

A measure of the change in prices of imports and exports.

answer90,000;