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Learn about the GDP price index. Identify the difference between the GDP deflator and CPI, and discover how to calculate inflation with the GDP deflator.
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Question 24What is the main difference between CPI and the GDP Deflator?0.5 ptsThe CPI is an annual check on inflation and the GDP Deflator is a decade check on deflationThe CPI tracks price changes for producers, the GDP Deflator tracks price changes for consumersThe CPI tracks inflation, the GDP Deflator tracks hyperinflationThe CPI tracks price changes for consumers, the GDP Deflator tracks all price changes for everyone(consumers, producers, and the government)
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