If the price of Italian shoes imported into the United States increases, then
a. both the GDP deflator and the consumer price index will increase.
b. neither the GDP deflator nor the consumer price index will increase.
c. the GDP deflator will increase, but the consumer price index will not increase.
d. the consumer price index will increase, but the GDP deflator will not increase.
d
Economics
You might also like to view...
Briefly explain the difference between naive voting and strategic voting
What will be an ideal response?
Economics
The CPI market basket is determined by
A) tax return data of households. B) supermarket purchases recorded by scanner technology. C) profit releases of the largest companies. D) a consumer survey. E) surveys asking large retail companies, such as Wal-Mart, about their sales of consumer goods and services.
Economics