As the world is getting in-depth knowledge of economics, some economic concepts are becoming more acceptable day by day. The concept of inflation is one of such concept which became popular during the last century. Two mostly used inflation measurement methods around the world are CPI (Consumer Price Index) and GDP (Gross Domestic Product) deflator. Now, one method is getting popularity in the world with the passage of time over the other method of measuring inflation.
You are required to comment on the major distinction between CPI index and GDP deflator and which method of inflation measurement has advantage over others and on what specific grounds?"
Instructions:
Read the following instructions before giving your comments on GDB:
Ø (Your answer must be maximum of 70 words or 4 lines otherwise your comments will be graded as zero)
1. Use the font style “Times New Roman” and font size “12”.
2. Your answer should be relevant to the topic i.e. clear and concise.
3. Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
4. Books, websites and other reading material may be consulted before posting your comments but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0).
5. Obnoxious or ignoble answer should be strictly avoided.
You are required to comment on the major distinction between CPI index and GDP deflator and which method of inflation measurement has advantage over others and on what specific grounds?"
Instructions:
Read the following instructions before giving your comments on GDB:
Ø (Your answer must be maximum of 70 words or 4 lines otherwise your comments will be graded as zero)
1. Use the font style “Times New Roman” and font size “12”.
2. Your answer should be relevant to the topic i.e. clear and concise.
3. Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
4. Books, websites and other reading material may be consulted before posting your comments but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0).
5. Obnoxious or ignoble answer should be strictly avoided.
solution:
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