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The CPI for this year is calculated by dividing thecost of a given market basket of goods and services using the base year s prices

The CPI for this year is calculated by dividing thecost of a given market basket of goods and services using the base year

s prices by thecost of a given market basket of goods and services using this year

s prices and multiplying by

100 .

However, the GDP deflator reflects only the prices of all goods and servicesproduced domestically

.

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