Question

Which of the following statements regarding WPI is/are correct? 1. WPI focuses on the average wholesale prices of goods at basic prices. 2. Taxes and transportation costs are included in the WPI calculation. 3. WPI is used to calculate the GDP deflator. 4. Services are included in the WPI basket.

A 1 and 3 only
B 1, 3, and 4 only
C 2 and 4 only
D 1, 2, and 4 only
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