The consumer price index (CPI) differs from the GDP deflator since it includes goods and services ________ rather than goods and services ________.
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1 mark, −0.333MacroeconomicsNational income accountingPrice indices: the GDP deflator and CPIModerateabout 2 min
IIT JAM 2025 Question 8: National income accounting
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National income accounting has come up 132 times in 6 exams since 2010.
What this question tests
This question is on Price indices: the GDP deflator and CPI, part of National income accounting in Macroeconomics.
How the price level and inflation are measured, and how the deflator differs from the CPI.
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