As a measure of inflation, the media gives more attention to the GDP deflator than the consumer price index.

Question

Quizplus · Accepted Answer

The consumer price index (CPI) is typically given more attention as a measure of inflation in the media, as it tracks changes in the prices of goods and services commonly purchased by consumers. The GDP deflator is a broader measure of price changes in the economy, including changes in the prices of goods and services used in production, which may not necessarily reflect changes in prices faced by consumers.

As a Measure of Inflation, the Media Gives More Attention