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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Chapter19: The Macroeconomic Perspective
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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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