Author Question: The broadest indication of economy-wide inflation is captured by the A) Consumer Price Index. B) ... (Read 206 times)

stephzh · **on:** Jun 29, 2018

The broadest indication of economy-wide inflation is captured by the

A) Consumer Price Index.
B) Gross Domestic Product (GDP) deflator.
C) Producer Price Index.
D) Personal Consumption Expenditure Index.

Question 2

Which of the following is a political function of government but is not a central economic function?

A) determining who has a right to vote
B) determining government-sponsored and government-inhibited goods
C) providing a legal system to adjudicate property rights
D) redistributing income from some individuals to others