One of the Differences Between the GDP Deflator and the Consumer

question 68

Multiple Choice

One of the differences between the GDP deflator and the consumer price index is

• A)the GDP deflator includes income earned by American citizens working in foreign countries and the consumer price index is based solely on purchases made in the U.S.
• B)the consumer price index basket of goods is updated constantly by the Bureau of Labor Statistics whereas the GDP deflator is updated only occasionally.
• C)the consumer price index includes items not included in the GDP deflator such as airplanes purchased by the Air Force.
• D)the GDP deflator reflects prices for all goods and services produced domestically and the consumer price index reflects prices for some goods and services bought by consumers.

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Definitions:

Social Media

Online platforms and applications where users can create, share, or exchange information, ideas, pictures, videos, and messages with others in virtual communities and networks.

Youth Risk Behavior Survey

A national survey conducted by the Centers for Disease Control and Prevention (CDC) to monitor health-risk behaviors among youth and young adults related to the leading causes of death and disability.

Sexually Active

Engaging in sexual activities or behaviors with others.

Condom

A contraceptive device, typically made of latex, used during sexual intercourse to reduce the risk of pregnancy and sexually transmitted infections (STIs).