The GDP deflator does not differ from the CPI in its measurement of inflation in that it:
A. is the most widely used measure of price level changes for goods and services for consumers.
B. does not include imports, which may have a real effect on the typical consumer's cost of living.
C. uses the total quantities that are produced, not the ratio of what a typical consumer might consume.
D. measures the price changes of all goods, not just those in a typical consumer's basket.
Answer: A
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Equilibrium in the money market means that the quantity of money people are holding equals
a. their entire wealth b. their entire income c. the quantity of money that they want to hold d. the money supply e. the value of bonds in their financial portfolios
A tax imposed on the sellers of a good will
a. raise the price paid by buyers and lower the equilibrium quantity. b. raise the price paid by buyers and raise the equilibrium quantity. c. raise the net price received by sellers and raise the equilibrium quantity. d. raise the net price received by sellers and lower the equilibrium quantity.
Buying a cup of coffee with a dollar bill represents the use of money as a:
A. medium of exchange. B. unit of account. C. store of value. D. commodity.
About what percentage of the public debt was held by U.S. government agencies and the Federal Reserve in 2015?
A. 15 percent B. 41 percent C. 34 percent D. 26 percent