The CPI Differs from the GDP Deflator in That the CPI

question 35

Multiple Choice

The CPI differs from the GDP deflator in that the CPI includes

• A)raw material prices whereas the GDP deflator does not.
• B)only goods whereas the GDP deflator includes both goods and services.
• C)only services whereas the GDP deflator includes both goods and services.
• D)only items the typical household buys, whereas the GDP deflator includes all goods and services produced in the economy.

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Definitions:

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An individual's or organization's capability to recognize ethical dilemmas, make informed ethical decisions, and act in an ethically responsible manner.

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The explicitly stated moral rules and principles that govern behaviors within an organization or society.

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