Economics · Inflation Measures
Why is the GDP deflator considered a more comprehensive measure of inflation than the Wholesale Price Index (WPI) and Consumer Price Index (CPI)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Because it is available on a monthly basis
- 2Because it includes all goods and services produced domestically in the economy✓
- 3Because it covers a limited range of goods and services produced in the economy
- 4Because it is based on a fixed basket of goods and services
Correct answer
Because it includes all goods and services produced domestically in the economy
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