Which of the following is the most accurate statement?
A)In the 1970s,the late 1980s,1990s,and 2000s,the GDP deflator and the CPI both showed high rates of inflation.
B)In the 1970s,both the GDP deflator and the consumer price index showed high rates of inflation,and in the late 1980s,1990s,and 2000s,both measures showed low rates of inflation.
C)In the 1970s,both the GDP deflator and the consumer price index showed low rates of inflation,and in the late 1980s,1990s,and 2000s,both measures showed high rates of inflation.
D)In the 1970s,the late 1980s,1990s,and 2000s,the GDP deflator and the CPI both showed low rates of inflation.

Question

Quizplus · Accepted Answer

This choice accurately describes the trends in both the GDP deflator and CPI inflation rates in the specified time periods. In the 1970s, both measures showed high rates of inflation, while in the late 1980s, 1990s, and 2000s, both measures showed low rates of inflation.

Which of the Following Is the Most Accurate Statement