An Important Difference Between the GDP Deflator and the Consumer

question 41

Multiple Choice

An important difference between the GDP deflator and the consumer price index is that

• A)the GDP deflator reflects the prices of goods and services bought by producers,whereas the consumer price index reflects the prices of goods and services bought by consumers.
• B)the GDP deflator reflects the prices of all final goods and services produced domestically,whereas the consumer price index reflects the prices of goods and services bought by consumers.
• C)the GDP deflator reflects the prices of all final goods and services produced by a nation's citizens,whereas the consumer price index reflects the prices of all final goods and services bought by consumers.
• D)the GDP deflator reflects the prices of all final goods and services bought by producers and consumers,whereas the consumer price index reflects the prices of all final goods and services bought by consumers.

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Definitions:

High-Frequency Words

High-frequency words are words that appear very often in written and spoken language, such as "the", "and", "is".

Group-Oriented

An approach or strategy that emphasizes collective performance, actions, or outcomes over individual accomplishments.

Cohesive

Characterized by unity and consistency within a group of elements or parts, often referring to the coherence in written or spoken discourse.

Manifest

Apparent or observable.