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If you wanted to calculate the inflation rate for the economy as a whole, you would use which of the following?

If you wanted to calculate the inflation rate for the economy as a whole, you would use which of the following?

nominal GDP

the percentage change in nominal GDP

real GDP

the percentage change in real GDP

the GDP deflator

the percentage change in the GDP deflator

the CPI

the percentage change in the CPI

Top Answer

Please see the attached... View the full answer

1 comment
  • CPI in full is the Consumer Price Index
    • Infinite997
    • Oct 01, 2018 at 2:05pm

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Other Answers

the percentage change in the GDP deflator. To calculate the... View the full answer

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