Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP dellator. The GDP deflator for this year is calculated by dividing the using by the using and multiplying by 100. cost of a given market basket of goods and services value of all goods and services produced in the economy this year United States. Check all that apply value of all goods and services produced in the economy in the base year Shows up in the... GDP Deflator CPI Scenario A decrease in the price of a Chinese-made television that is popular among U.5. consumers An increase in the price of a Waterman Industries deep-water reel, which is a commercial fishing product used for deep sea fishing, made in the U.S., but not bought by U.S. consumers