Question

prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPD and the GDP deflator using 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 all that apply Shows up in GDP Deflator CPI althout saying

Answer 1

Ans) the answers to the blanks are 1) value of all goods and services produced in the economy this year

2) this years prices

3) value of all goods and services produced in the economy this year-

4)-the base years prices

5) bought by consumers

An increase in the price of a Chinese........... CPI

A decrease in the price of a treewood.......... GDP deflator