Which of the following is true regarding the consumer price index (CPI)? a.) Changes monthly as consumer spending changes b.) Includes measures of intermediate goods c.) Shows the change in prices for a market's basket of goods d.) Shows the inflation rate for all goods in an economy 4 Real GDP: Calculation and Shortcomings Identify the values and shortcomings of using GDP as an economic indicator. Which of the following statements regarding GDP is true? a.) GDP is a strong indicator of general population well-being. b.) When comparing GDP from different time periods, price level is not a factor. c.) GDP counts the value of all goods and services at all stages of production. d.) GDP is not a good indicator of wealth distribution