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

question 32

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 effect on the GDP deflator than the CPI?

• A)bananas
• B)chocolate
• C)Hollywood movies
• D)consumer electronics
• E)forest products

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Definitions:

Stressful

Referring to situations or conditions that cause significant anxiety, tension, or strain on an individual's mental or physical health.

Realistic Thinking

An approach to thought that considers facts and the actual state of affairs rather than what might be wished or feared.

Optimistic Thinking

The practice of focusing on the positive aspects of situations or expectations of favorable outcomes.

Open-Mindedness

The willingness to consider new ideas, perspectives, and possibilities without prejudging them.