According to the Bureau of Economic Analysis, the GDP Deflator for the 3rd Quarter 2021 is +5.7%. The U.S. Bureau of Labor Statistics reported the Consumer Price Index (CPI) as rising 5.4 percent over the last 12 months, not seasonally adjusted. Given this information:  1) Interpret these data and summarize its meaning.  2) What are these data measuring?  3) If you were a business economist, which would you use and why?

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