The GDP Deflator is different than the CPI in that
A) the GDP deflator includes everything while the CPI only includes what average people buy.
B) the GDP deflator doesn't include food and energy prices.
C) the CPI includes things businesses buy while the GDP deflator does not.
D) the CPI is chain-based.
Correct Answer:
Verified
Q170: A price index based upon the items
Q171: One major source of difficulty in measuring
Q172: A consumer price index that has had
Q173: The device used by the BLS to
Q174: If GDP is $10 trillion, Personal Consumption
Q176: The data on Real GDP shows that
A)real
Q177: An educated guess at what the price
Q178: The BLS has recently made explicit adjustments
Q179: When estimating GDP using the income approach,
Q180: If members of the labor force who
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents