Question

Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP price index.
The GDP price index for this year is calculated by dividing the _____ using _____ by the _____ using _____ and multiplying by 100.
Indicate whether each scenario will affect the GDP price index or the CPI for the United States.
Shows up in the...
GDP CPI
Deflator
Scenario
A decrease in the price of a Waterman Industries deep-water reel, which is a commercial fishing product used for deep-sea fishing
An increase in the price of a Japanese-made television that is popular among U.s. consumers.

Answer 1

Answer:

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