The consumer price index a. takes government purchases into account, unlike the GDP deflator. b. takes business

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The consumer price index

a. takes government purchases into account, unlike the GDP deflator.

b. takes business investment purchases into account, unlike the GDP deflator.

c. equals 100 in the base year, unlike the GDP deflator.

d. is generally used to adjust nominal GDP to calculate real GDP.

e. None of the above is true.

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Exploring Macroeconomics

ISBN: 9781111970314

5th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 29, 2024 07:01 AM

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The consumer price index a. takes government purchases into account, unlike the GDP deflator. b. takes business

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Exploring Macroeconomics

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