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svlad2 [7]
3 years ago
11

This is an economic indicator that is computed by the bureau of labor statistics and is meant to measure the average change in p

rices received by us producers for their goods over a period of time.
Social Studies
1 answer:
Ipatiy [6.2K]3 years ago
6 0

The answer is: Producer price Index

Producer price index will define the price point where both producers and consumers deemed as 'fair' for the exchange of a good or service.

Generally, researchers use this index as an indicator of average income and the cost of living. If the producer price Index is increased in a certain area, we can know that the average cost of living and the average income in that area is also increased.

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