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:

Topographic Map

A topographic map is a type of map characterized by large-scale detail and quantitative representation of relief, typically using contour lines, but also using a variety of methods to denote physical features and elevation.

Geologic Map

A geologic map is a specialized map that illustrates the types and ages of rock formations and structures at the Earth's surface, including fault lines and stratification.

Gentle

Characterized by a soft or mild nature; not steep or harsh, often used to describe slopes or terrain.

Cliffs

Steep rock faces, often along coastlines or riverbanks, formed by erosion and tectonic activities.