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Economics Theme 2 Macro > GDP Deflator and CPI > Flashcards

GDP Deflator and CPI Flashcards

1
Q

What is GDP deflator for?

A

Used to allow GDP to be compared by removing the change in price level

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2
Q

What is the difference between GDP deflator and CPI?

A

GDP deflator includes only domestic goods but the CPI only includes things bought by consumers

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3
Q

What is CPI?

A

A measure of inflation

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Economics Theme 2 Macro (9 decks)

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