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:

Dieting

The practice of eating in a regulated manner to achieve or maintain a controlled weight.

Anorexia Nervosa

A serious psychological and eating disorder characterized by an extreme fear of weight gain and a distorted body image, leading to restricted food intake and excessive weight loss.

Teenage Girls

Female individuals who are in the age range of 13 to 19 years old, going through various physical, emotional, and social changes.

Teenage Boys

A demographic group defined by males typically aged between 13 to 19 years, undergoing physical, emotional, and psychological development.