2. Alternative price indexes Because there isn\'t one single measure of inflatio

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2. Alternative price indexes 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 GOP deflator. The GDP deflator for this year is calculated by dividing the using using Y by the and multiplying by 100 However, the CPI reflects only the prices of all goods and services Indicate whether each scenario will affect the GDP deflator or the CPI for the United States Check aw that apply. Shows up in GDP Scenario DeflatorCPI decrease in the price of a German-made television that is popular among u.S. 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 Grade It Now Save & Continue Continue without saving 8 3 4 5 6 8 2

Explanation / Answer

GDP Deflator = (Nominal GDP/Real GDP)*100

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