Which of the Following Is Not True for the GDP

question 43

Multiple Choice

Which of the following is not true for the GDP deflator?

• A)It is based on a fixed basket of goods and services.
• B)It refers to all goods and services produced in GDP.
• C)It typically reveals a lower inflation rate than the CPI.
• D)It reflects both price changes and market responses.

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Definitions:

Water

A transparent, odorless, tasteless liquid that forms the seas, lakes, rivers, and rain, and is the basis of the fluids of living organisms.

North American Residences

Housing types and styles found in North America, characterized by a wide range of architectural designs reflecting cultural diversity.

Flushing

The process of cleansing or clearing out pipes, channels, or any system by forcing water or another liquid through them.

Toilet

A fixture used for the collection or disposal of human urine and feces.