The CPI Accounts for Changes in the Prices of Imports

question 183

True/False

The CPI accounts for changes in the prices of imports and the GDP deflator does not.Therefore,the CPI is based on more goods and services than the GDP deflator.

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Definitions:

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Operant Conditioning

An educational method where behavior intensity is altered by either rewards or penalties.

Insight

The ability to gain a clear and deep understanding of a situation or concept, often leading to a breakthrough or solution.

Habituation

A psychological learning process wherein there is a decrease in response to a stimulus after being repeatedly exposed to it over time.