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 these.

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 these.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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 these.

Explain..

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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