Why Does the GDP Deflator Give a Different Rate of Inflation

question 205

Essay

Why does the GDP deflator give a different rate of inflation than the CPI?

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Definitions:

Alveolar Duct

Tiny ducts in the lungs that connect the respiratory bronchioles and alveolar sacs, a key part in the pathway of air to the alveoli.

Primary Bronchus

One of the two main branches of the trachea that convey air into the lungs.

Respiratory Bronchiole

The very small airways in the lungs where gas exchange between air and blood takes place, part of the respiratory zone.

Terminal Bronchiole

The smallest airways in the lungs, located at the end of the bronchiole tree, not directly involved in gas exchange.