The CPI Differs from the GDP Deflator in That

question 183

Multiple Choice

The CPI differs from the GDP deflator in that

• A)the CPI is an inflation index,while the GDP deflator is a price index.
• B)substitution bias is not a problem with the CPI,but it is a problem with the GDP deflator.
• C)increases in the prices of foreign produced goods that are sold to U.S.consumers show up in the GDP deflator but not in the CPI.
• D)increases in the prices of domestically produced goods that are sold to the U.S.government show up in the GDP deflator but not in the CPI.

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Definitions:

Transactional Leader Behaviour

A style of leadership characterized by the exchange process between leaders and followers, where leaders provide rewards or punishments to followers based on their performance.

Transformational Leader Behaviour

Leadership practices that transform followers by increasing their awareness of the importance of their tasks and encouraging them to transcend their own interests for the good of the group.

Participative Leader Behaviour

A leadership style where leaders actively involve team members in the decision-making process and value their input and ideas.

Considerate Leader Behaviour

Leadership actions characterized by empathy, concern for employee well-being, and a focus on creating a supportive work environment.