Answer to Question #233284 in Macroeconomics for georgina

Question

name two inflation rate indicators

Answer 1

Solution:

The two inflation indicators include the following:

1.     Consumer Price Index (CPI) – This measures the average change in prices over time that consumers pay for a basket of goods and services. It measures the percentage change in the price of a basket of goods and services consumed by households.

2.     Gross Domestic Product (GDP) Deflator – This is a measure of the level of prices of all new domestically produced, final goods and services in an economy in a particular year.