Question
The consumer price index 1.can be used to measure inflation, but the GDP deflator can't measure inflation. 2.and the GDP deflator are equally good at
The consumer price index
1.can be used to measure inflation, but the GDP deflator can't measure inflation.
2.and the GDP deflator are equally good at reflecting the goods and services bought by consumers.
3.is not commonly used to gauge inflation compared to the GDP deflator.
4.is more commonly used as a gauge of inflation compared to the GDP deflator.
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Economics
Authors: Roger A. Arnold
11th edition
1133561675, 978-1133561675
