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:

Actual Sales

Actual sales refer to the real revenue generated from goods or services sold by a business within a specific period, as opposed to projected or estimated sales.

Results Method

A performance evaluation approach focusing on the outcomes or outputs of an employee’s work rather than the process.

Forced-Distribution System

A performance management system where employees are ranked in comparison with each other and placed into predetermined performance categories.

Performance Evaluation

The systematic assessment of an employee's work performance, typically conducted through observing, documenting, and analyzing their actions over a period.