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Question Practice

How does the Consumer Price Index (CPI) differ from the GDP Deflator?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
National Income Accounting
Question Bank

How does the Consumer Price In...

Single Answer MCQ
Q-00106748

How does the Consumer Price Index (CPI) differ from the GDP Deflator?

1

CPI includes all goods produced in the economy.

2

CPI focuses on a fixed basket of goods purchased by consumers.

3

CPI measures production levels.

4

CPI adjusts for inflation.

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