The key difference between the GDP deflator and the CPI is that a. the GDP deflator reflects the prices of goods and services produced abroad, whereas the CPI reflects the prices of goods and services bought be a typical consumer b. the GDP deflator reflects the prices of all final goods and services produced domestically, whereas the CPI reflects the prices of goods and services bought by a typical consumer c. the GDP deflator reflects the prices of goods and services produced domestically, whereas the CPI reflects the prices of goods and services sold abroad d. none of the above
The key difference between the GDP deflator and the CPI is that a. the GDP deflator reflects the prices of goods and services produced abroad, whereas the CPI reflects the prices of goods and services bought be a typical consumer b. the GDP deflator reflects the prices of all final goods and services produced domestically, whereas the CPI reflects the prices of goods and services bought by a typical consumer c. the GDP deflator reflects the prices of goods and services produced domestically, whereas the CPI reflects the prices of goods and services sold abroad d. none of the above
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 28P: Last year, a small nation with abundant forests cut down 200 worth of trees. It then turned 100...
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The key difference between the GDP deflator and the CPI is that
a. the GDP deflator reflects the prices of goods and services produced abroad, whereas the CPI reflects the prices of goods and services bought be a typical consumer
b. the GDP deflator reflects the prices of all final goods and services produced domestically, whereas the CPI reflects the prices of goods and services bought by a typical consumer
c. the GDP deflator reflects the prices of goods and services produced domestically, whereas the CPI reflects the prices of goods and services sold abroad
d. none of the above
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