Business
Business, 18.02.2020 17:37, yazmine912

What is the difference between the CPI and the GDP deflator? Which would be better to use if you want to measure whether your hourly earnings this were higher then they were last year? Why?you should use because of the following:.A. The GDP deflator measures the prices of capital goods and other goods and services purchased by businesses and governments. B. The GDP deflator allows one to compare the cost of purchasing a market basket bought by a typical consumer during a specific period with the cost of purchasing the same market basket during an earlier period. C. The CPI allows one to compare the cost of purchasing a market basket bought by a typical consumer during a speciļ¬c period with the cost of purchasing the same marke

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