Although They Sometimes Diverge,generally the CPI and the GDP Deflator

question 24

True/False

Although they sometimes diverge,generally the CPI and the GDP deflator move in the same direction.

---

Definitions:

Wholesale Goods

Goods sold in large quantities at reduced prices, typically to retailers who then sell them to the public.

Retail Products

Goods that are sold to the public through stores, online, or other channels, typically for personal or household use.

Durable Goods

Products or goods that do not quickly wear out and provide utility over time, often lasting for years.

Smartphones

Mobile devices that combine features of a traditional mobile phone with those of other popular consumer gadgets, like personal digital assistants, media players, and GPS navigation units.