Author Question: The prices for which of the following goods are included in both the GDP deflator and the consumer ... (Read 219 times)

drink · **on:** Jun 30, 2018

The prices for which of the following goods are included in both the GDP deflator and the consumer price index?

A) goods bought by households
B) goods bought by firms
C) good bought by governments
D) goods bought by foreign households (i.e., exports)
E) all of the above

Question 2

Which of the following calculations will yield the correct measure of real GDP?

A) divide nominal GDP by the consumer price index
B) divide the GDP deflator by the consumer price index
C) multiply nominal GDP by the consumer price index
D) multiply nominal GDP by the GDP deflator
E) none of the above