Which of the following services as a measure of the overall price level in an economy?
CPI
GDP deflator
Both a and b
Neither a nor b
Which of the following is NOT a category of consumption expenditures?
Durable goods
Non durable goods
Services
Imports
In order to avoid ____, when calculating GDP, one should include only the final goods and exclude the intermediate goods that are used in the production.
Inflation
Status beat bias
Double counting
Value added
Which of the following measures the level of prices at the wholesale or producer level ?
PPI
GNI
