An Increase in the Price of Imported Coffee Shows Up

question 75

Multiple Choice

An increase in the price of imported coffee shows up

• A)in the consumer price index and in the GDP deflator.
• B)in the consumer price index,but not in the GDP deflator.
• C)in the GDP deflator,but not in the consumer price index.
• D)in neither the consumer price index nor in the GDP deflator.

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Definitions:

Factor Analytic Methods

Statistical techniques used to identify underlying variables, or factors, that explain the pattern of correlations among multiple variables.

Validity Coefficients

Statistical measures that indicate the degree to which a test or measurement accurately predicts or correlates with a specific criterion or outcome.

Interpreting Guidelines

Standards or principles that guide the process of translating or explaining the meaning of information, such as test results or data.

Concurrent Validity

Validity assessment obtained when a test score and criterion performance measure are collected at approximately the same time.