Consider Canada's GDP Deflator and Consumer Price Index (CPI)

question 41

Multiple Choice

Consider Canada's GDP deflator and Consumer Price Index (CPI) .Now suppose the prices of the following goods and services increased.Which is likely to have a larger direct effect on the CPI than the GDP deflator?

• A)consumer electronics
• B)lumber
• C)car parts
• D)aircraft engines
• E)engineering services

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Definitions:

Ethnocentrism

The tendency to believe one’s culture and its values are superior to those of others.

Alternative Points

Perspectives or options that differ from the main or currently considered paths, often providing creative or novel solutions to problems.

Semantic Barriers

Involve a poor choice or use of words and mixed messages.

Formal Channels

Official, established routes of communication or transmission of information within an organization.