Asked by
Madison Fitch
on Nov 16, 2024Verified
When the price of nuclear missiles rises, this change is reflected in the CPI but not in the GDP deflator.
Nuclear Missiles
Weapons of mass destruction powered by nuclear energy, capable of causing significant destruction and loss of life over a wide area.
CPI
Consumer Price Index, an indicator that measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
GDP Deflator
A measure of the price level of all domestically produced goods and services in a country and is used to convert output measured at current prices into constant-dollar GDP.
- Compare and contrast CPI with GDP deflator.
Verified Answer
CC
Learning Objectives
- Compare and contrast CPI with GDP deflator.