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The CPI is more commonly used as a gauge of inflation than the GDP deflator is because:
(i) the CPI better reflects the goods and services bought by consumers.
(ii) the CPI is easier to measure.
(iii) the CPI is calculated more often than the GDP deflator is.
(iv) the GDP deflator cannot be used to gauge inflation.
The CPI is more commonly used as a gauge of inflation than the GDP deflator is because:
(i) the CPI better reflects the goods and services bought by consumers.
(ii) the CPI is easier to measure.
(iii) the CPI is calculated more often than the GDP deflator is.
(iv) the GDP deflator cannot be used to gauge inflation.
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Nelly StrackeLv2
17 Mar 2020
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