An increase in the price of Irish whiskey imported into the United States will be reflected in
A)both the U.S.GDP deflator and the U.S.CPI.
B)neither the U.S.GDP deflator nor the U.S.CPI.
C)the U.S.GDP deflator,but not the U.S.CPI.
D)the U.S.CPI,but not the U.S.GDP deflator.

Question

Quizplus · Accepted Answer

An increase in the price of Irish whiskey imported into the United States will only be reflected in the U.S.CPI, which measures the change in prices of goods and services consumed by households. It is not included in the U.S.GDP deflator, which measures the overall prices of goods and services produced in the economy.

An Increase in the Price of Irish Whiskey Imported into the United