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27 Nov 2019
If people bought the same market basket of goods as the average consumer again and again:
a. the gross domestic product (GDP) deflator would be more accurate.
b. the CPI would be less accurate.
c. the consumer price index (CPI) would be extremely accurate.
d. the CPI would be biased upward relative to the GDP deflator.
e. the GDP deflator would be less accurate.
If people bought the same market basket of goods as the average consumer again and again:
| a. | the gross domestic product (GDP) deflator would be more accurate. | |
| b. | the CPI would be less accurate. | |
| c. | the consumer price index (CPI) would be extremely accurate. | |
| d. | the CPI would be biased upward relative to the GDP deflator. | |
| e. | the GDP deflator would be less accurate. |
devsingh077Lv10
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