Pts 1 dif 2 ref 24 1 top gdp deflator msc

PTS: 1 DIF: 2 REF: 24-1
TOP: GDP deflator MSC: Interpretive
108. An important difference between the GDP deflator and the consumer price index is that
a. the GDP deflator reflects the prices of goods and services bought by producers, whereas the consumer price index
reflects the prices of goods and services bought by consumers.
b. the GDP deflator reflects the prices of all final goods and services produced domestically, whereas the consumer
price index reflects the prices of some goods and services bought by consumers.
c. the GDP deflator reflects the prices of all final goods and services produced by a nation's citizens, whereas the
consumer price index reflects the prices of final goods and services bought by consumers.
d. the GDP deflator reflects the prices of all goods and services bought by producers and consumers, whereas the
consumer price index reflects the prices of final goods and services bought by consumers.
ANS: B PTS: 1 DIF: 2 REF: 24-1
TOP: Consumer price index | GDP deflator MSC: Interpretive
109. If the prices of Australian-made shoes imported into the United States increase, then, as a result,
PTS: 1 DIF: 2 REF: 24-1
TOP: Consumer price index | GDP deflator MSC: Applicative
110. An increase in the price of domestically-produced industrial robots will be reflected in
PTS: 1 DIF: 2 REF: 24-1
TOP: Consumer price index | GDP deflator MSC: Applicative