The Consumer Price Index (CPI)and the GDP Deflator Are Designed

question 107

Multiple Choice

The consumer price index (CPI) and the GDP deflator are designed to measure the degree to which

• A)there have been changes in the proportions of national income generated by (and thus earned by)the rich relative to the poor.
• B)the cost of purchasing a bundle of goods has changed over time.
• C)consumption patterns have changed with time.
• D)consumer prices have risen over and above increases in worker wages.

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