Exam (elaborations)
Ecs1500 Assignment 5 semester 2 2023
- Institution
- University Of South Africa (Unisa)
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9/25/23, 4:01 PM Assessment 5: Attempt reviewUNISA 2023 ECS1500-23-S2 Welcome Message Assessment 5
QUIZ
Started on Monday, 25 September 2023, 3:23 PM
State Finished
Completed on Monday, 25 September 2023, 4:00 PM
Time taken 37 mins 9 secs
Marks 38.00/40.00
Grade 95.00 out of 100.00
Feedback Excellent performance! You seem to understand Learning Units 6
and 7 that this learning unit is based on.
Question 1
Correct
Mark 2.00 out of 2.00
Which of the following statements on the production price index is correct?
Select one:
a. The PPI includes services.
b. The PPI shows how the average price level of goods and services bought by
a typical consumer or household changes over time
c. The PPI excludes the prices of imported goods measured when these
goods rst enter the country.
d. The same basket of goods are used to measure the CPI and the PPI.
e. The PPI includes capital and intermediate goods.
Your answer is correct. Well done!
The PPI does not include services. That is an important difference between the CPI
(which included services) and the PPI (which excludes services).
The CPI shows how the average price level of goods and services bought by a typical
consumer or household changes over time. The PPI provides an indication of
changes in production costs over time.
The PPI includes the prices of imported goods measured when these goods rst
enter the country.
The PPI does include capital and intermediate goods. This is therefore the correct
option to choose. This is another important difference from te CPI, which does not
include capital and intermediate goods.
The correct answer is: The PPI includes capital and intermediate goods.
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