Which of the following statements is correct?
A) The CPI can be used to compare dollar figures from different points in time.
B) The percentage change in the CPI is a measure of the inflation rate,but the percentage change in the GDP deflator is not a measure of the inflation rate.
C) Compared to the consumer price index (CPI) ,the GDP deflator is the more common gauge of inflation.
D) The GDP deflator better reflects the goods and services bought by consumers than does the CPI.
Correct Answer:
Verified
Q1: When the consumer price index falls,the typical
Q4: Which of the following is not correct?
A)The
Q5: The consumer price index is used to
A)convert
Q6: Babe Ruth,the famous baseball player,earned $80,000 in
Q7: Economists use the term inflation to describe
Q8: When the overall level of prices in
Q9: The CPI is more commonly used as
Q11: The term inflation is used to describe
Q82: When the consumer price index rises, the
Q138: The consumer price index is used to
A)monitor
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