Why is the GDP deflator not an accurate measure of inflation as it impacts a household?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Nov 01, 2023 04:44 AM

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Why is the GDP deflator not an accurate measure of inflation as it impacts a household?

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The GDP deflator is a measure of the price level of all domestically produced final goods and services in an economy While it is a useful tool for com...View the full answer

Principles Of Economics

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