The GDP deflator:
a. takes government purchases into account, unlike the CPI

b. takes business investment purchases into account, unlike the CPI.
c. is generally used to adjust nominal GDP to calculate real GDP.
d. All of the above are true.

d

Economics

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When Ethan continues his education beyond high school, he is increasing his

A) human capital. B) capital. C) wage rate. D) rent. E) quantity of labor.

Economics

Suppose the base reference period is 1982-1984. If your nominal wage rate is $8.00 per hour when the CPI is 180, what is your real wage rate in 1982-1984 dollars?

What will be an ideal response?

Economics