Which of the following would be included in the GDP Price Index,but not the Consumer Price Index?
A) The price of a pair of shoes
B) The price of coffee
C) The price of a used car
D) The price of a bar of soap
E) The price of an aircraft carrier

Question

Quizplus · Accepted Answer

The GDP Price Index includes all final goods and services produced domestically, including big ticket items such as aircraft carriers that are not typically purchased by consumers. The Consumer Price Index, on the other hand, only includes goods and services that are typically purchased by households. Therefore, the price of an aircraft carrier would be included in the GDP Price Index, but not the Consumer Price Index.

Which of the Following Would Be Included in the GDP