What Is the Difference Between CPI and GDP Tracking

question 103

Multiple Choice

What is the difference between CPI and GDP tracking?

• A)CPI tracks price changes in all consumer goods and services, while the GDP deflator tracks price changes in all capital goods and services.
• B)CPI tracks price changes in all consumer goods and services, while the GDP deflator tracks price changes in all intermediate goods and services.
• C)CPI tracks price changes in a basket of goods and services, while the GDP deflator tracks price changes in all goods and services.
• D)CPI tracks price changes in a basket of goods and services, while the GDP deflator tracks price changes in all final goods and services.

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Definitions:

Empirical

Pertaining to information acquired by observation or experimentation, used as a basis for knowledge and theory.

Analytically

In a manner that involves the systematic analysis or logical assessment of something.

Research Question

A specific query that guides a scientific study or research project.

Prejudice

The negative evaluation of a social group, and individuals within that group, based upon conceptions about that social group that are held despite facts that contradict it.