The prices for which of the following goods are included in both the GDP deflator and the consumer price index?
A)goods bought by households
B)goods bought by firms
C)good bought by governments
D)goods bought by foreign households (i.e., exports)
E) all of the above

Question

Quizplus · Accepted Answer

The prices for goods bought by households are included in both the GDP deflator and the consumer price index. Goods bought by firms, governments, and foreign households are not included in the consumer price index. The GDP deflator includes prices for all final goods and services produced within a country, regardless of who buys them.

The Prices for Which of the Following Goods Are Included