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Alternative Measures of the Price Level The ________ is an average of the current prices of all the goods and services in GDP expressed as
Alternative Measures of the Price Level The ________ is an average of the current prices of all the goods and services in GDP expressed as a percentage of ________ prices. It is ________ measure because it still ________ the CPI's ________ since the CPI is used to help construct real GDP and because, unlike CPI, it accounts ________ produced goods and services. Group of answer choices PCE Price Index; current-year; not a perfect; suffers from; biases and limitations; only for domestically PCE excluding food and energy Price Index; current-year; a good; captures most of; categories; for all domestically GDP Price Index; current-year; a good; captures most of; categories; for all domestically GDP deflator; base-year; not a perfect; suffers from; biases and limitations; only for domestically
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