Which of the Following Statements Regarding the Consumer Price Index

question 124

Multiple Choice

Which of the following statements regarding the consumer price index and the GDP deflator is correct?

• A)The two price measures are always equal.
• B)Divergence between the two price measures is the rule,not the exception.
• C)Divergence between the two price measures is the exception,not the rule.
• D)None of the above is correct.

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Definitions:

Taboos

Social or cultural practices that are prohibited or restricted by societal norms.

Mores

Strongly held norms or customs considered vital to the functioning of a society, often embodying its moral views and principles.

Folkways

Norms for routine or casual interaction that guide everyday behavior in society, but whose violation is not considered serious.

Negative Sanctions

Penalties or punishments imposed to enforce conformity to social norms, aiming to discourage unacceptable or deviant behavior.