Multiple Choice
Assume most athletic apparel bought by U.S.consumers is imported from other nations.If all else is constant,an increase in the price of foreign-made athletic apparel will cause the U.S.
A) consumer price index and GDP deflator to increase by exactly the same amount.
B) GDP deflator to increase more than the consumer price index.
C) consumer price index to increase more than the GDP deflator.
D) GDP deflator to decrease less than the consumer price index.
Correct Answer:

Verified
Correct Answer:
Verified
Q27: Which of the following statements best represents
Q28: The price index was 150 in the
Q29: Suppose the price index was 105 in
Q30: Suppose the price index was 100 in
Q32: In an imaginary economy,consumers buy only razors
Q33: Recent changes in methods used to compute
Q34: The GDP deflator reflects the<br>A)level of prices
Q35: A decrease in the price of domestically
Q86: The consumer price index tries to gauge
Q186: Consider a small economy in which consumers