1) The Consumer Price Index (CPI)
Which of the following does the consumer price index (CPI) include?
U.S. exports,
Military equipment purchases by the government,
Household purchases of used cars,
2) For which of the following is the CPI not used?
Setting an inflation target,
Indexing payments,
Calculating real GDP from nominal GDP.
3) Which of the following goods are included in the CPI but ignored by the GDP deflator?
U.S. cars purchased by foreigners,
Fruits produced in the United States and consumed by U.S. households,
Household purchases of used computers.