In the US, if the price of imported oil rises so that the prices of gasoline and heating oil rise, then the GDP deflator and the CPI rise by about the same amount. CPI rises slightly more than does the GDP deflator. CPI rises much more more than the GDP deflator. GDP deflator rises much more than does the CPI
In the US, if the price of imported oil rises so that the prices of gasoline and heating oil rise, then the GDP deflator and the CPI rise by about the same amount. CPI rises slightly more than does the GDP deflator. CPI rises much more more than the GDP deflator. GDP deflator rises much more than does the CPI
Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations
Section: Chapter Questions
Problem 19P
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Transcribed Image Text:In the US, if the price of imported oil rises so that the prices of gasoline and heating
oil rise, then the
GDP deflator and the CPI rise by about the same amount.
CPI rises slightly more than does the GDP deflator.
CPI rises much more more than the GDP deflator.
GDP deflator rises much more than does the CPI
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