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Indicate whether each descriptor applies to the consumer price index (CPI), the GDP deflator, both, or neither. a. Is a weighted average of prices CPI
Indicate whether each descriptor applies to the consumer price index (CPI), the GDP deflator, both, or neither. a. Is a weighted average of prices CPI GDP deflator both neither b. Is based on commonly used consumer goods only CPI GDP deflator both neither c. Includes the quantity and price of forklifts produced CPI GDP deflator both neither d. Equals nominal GDP divided by real GDP, multiplied by 100 CPI GDP deflator both neither e. Tracks changes in the cost of imported investment goods CPI GDP deflator both neither f. Is subject to biases because it does not reflect changes in buying patterns CPI GDP deflator both neither g. Would include the price of imported tomatoes CPI GDP deflator both neither
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