*An economics professor is discussing a measure of inflation over time based on a basket of goods comprised of all the components of GDP. Which measure is it?
A. Consumer Price Index
B. GDP Price Index
C. Consumer GDP
D. GDP Deflator
Answer:D
*An economics professor is discussing a measure of inflation over time based on a basket of goods comprised of all the components of GDP. Which measure is it?
A. Consumer Price Index B. GDP Price Index C. Consumer GDP D. GDP Deflator
Explanation: Type: Multiple Choice