Your Book/XVO cumentElectr rity. Ele. c ngo ng ge m/static/ th inde ht n bld-616

Question

Your Book/XVO cumentElectr rity. Ele. c ngo ng ge m/static/ th inde ht n bld-6164618 t Nodeld-226240007&deploy; entld 487007218640624999886442708 se MINDTAP plia Homework: Macroeconomic Measurements, Part I: Prices and Unemployment e Due Today at 1159 PM EDT Attempts Average: 12 4. Alternative price indexes Because there isnt 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 GOP deflator. The GDP deflator for this year is calculated by dividing the by the and multiplying by 100. using using The CPI, on the other hand, reflects only the prices of all goods and services Indicate whether each scenario wid affect the GOP defiator or the CP! for the United States. Check al that apply. Shows up in: GDP Deflator CPI Scenario An increase in the price of a Chinese-made phone that is popular among U.S. consumers A decrease in the price of a Waterman Industries deep-water reel, which is a commercial fishing product used for deep- sea fishing

Explanation / Answer

GDP Deflator =(Nominal GDP using current prices/ Real GDP using base year prices)*100

Purchased by household

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