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<div>'''[[Exam%20macroeconomics%20june%202010|Exam Macroeconomics june 2010]]'''</div><div<quiz></div><div>{'''Question 4''' - What is the difference between the GDP deflator and the Consumer Price Index (CPI) ?}</div><div>- The GDP deflator overestimates inflation and the CPI underestimates inflation due to the sub- stitution bias.</div><div>- The GDP deflator underestimates inflation and the CPI overestimates it due to consumer hete- rogeneity.</div><div>- The GDP deflator excludes the price of exported goods and the CPI includes them.</div><div>+ The GDP deflator excludes the price of imported goods and the CPI includes them.</div><div></quiz></div> | |||
Version du 31 janvier 2013 à 23:59
<div<quiz>
{Question 4 - What is the difference between the GDP deflator and the Consumer Price Index (CPI) ?}
- The GDP deflator overestimates inflation and the CPI underestimates inflation due to the sub- stitution bias.
- The GDP deflator underestimates inflation and the CPI overestimates it due to consumer hete- rogeneity.
- The GDP deflator excludes the price of exported goods and the CPI includes them.
+ The GDP deflator excludes the price of imported goods and the CPI includes them.
</quiz>