Answered: Change in GDP deflator: 36% Change in…

Change in GDP deflator: 36% Change in CPI : 35.0003% Although both GDP deflator and CPI are both measures of inflation, why are the percentages different? even if its little?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Change in GDP deflator: 36%

Change in CPI : 35.0003%

Although both GDP deflator and CPI are both measures of inflation, why are the percentages different? even if its little?

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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