The Prices for Which of the Following Goods Are Included

question 46

Multiple Choice

The prices for which of the following goods are included in both the GDP deflator and the consumer price index?

• A)goods bought by households
• B)goods bought by firms
• C)good bought by governments
• D)goods bought by foreign households (i.e., exports)
• E) all of the above

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Definitions:

Behavioral Tendencies

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Birth Order

The theory that suggests an individual's rank by age among siblings influences their personality and behavior.

Personality

A complex pattern of characteristics and behaviors that comprises an individual's unique way of thinking, feeling, and interacting with the world.

Quantum Change

A sudden, significant transformation in an individual's life that can dramatically alter one's beliefs, attitudes, or behaviors.