Statement I: the CPI and the GDP Deflator Are Similar

question 142

Multiple Choice

Statement I: The CPI and the GDP deflator are similar concepts,but the GDP deflator is a broader measure.
Statement II: The CPI and the GDP deflator are inversely related,so when the CPI rises,the GDP deflator declines.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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