as an argument when consumer price index (CPI) is higher than GDP deflator? Prices of exported goods rise faster than prices of imported goods Prices of imported consumer goods grow faster than prices of producer goods be

Economics For Today
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ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter15: Gross Domestic Product
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Question 5
What can be used as an argument when consumer price index (CPI) is higher than
GDP deflator?
Prices of exported goods rise faster than prices of imported goods
Prices of imported consumer goods grow faster than prices of producer goods
GDP deflator and CPI are always the same
Prices of products bought by the government increase faster than prices of
products bought by companies
C
Transcribed Image Text:What can be used as an argument when consumer price index (CPI) is higher than GDP deflator? Prices of exported goods rise faster than prices of imported goods Prices of imported consumer goods grow faster than prices of producer goods GDP deflator and CPI are always the same Prices of products bought by the government increase faster than prices of products bought by companies C
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