Multiple Choice
Which of the following is a major difference between the CPI and the GDP price index?
A) The CPI includes all domestically produced goods, but the GDP price index includes only a sample of domestically produced goods.
B) The CPI includes all domestically produced goods, but the GDP price index includes a sample of goods consumed, including imported goods.
C) The CPI includes only a sample of domestically produced goods, but the GDP price index includes all domestically produced goods.
D) The CPI includes a sample of goods consumed, including imported goods, but the GDP price index includes all domestically produced goods.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: <span class="ql-formula" data-value="\begin{array} { c c c
Q31: Why is GDP NOT a perfect measure
Q32: What changes are captured by the gross
Q33: When a refrigerator worth $1,000 is produced
Q34: Which of the following correctly states the
Q36: Suppose that the economy is in equilibrium,
Q37: A farmer grows wheat and sells it
Q38: What does the term imputed payment refer
Q39: Suppose the CPI has overstated inflation by
Q40: Which of the following would NOT be