Question 24What is the main difference between CPI and the GDP Deflator?0.5 ptsThe CPI is an annual check on inflation and the GDP Deflator is a decade check on deflationThe CPI tracks price changes for producers, the GDP Deflator tracks price changes for consumersThe CPI tracks inflation, the GDP Deflator tracks hyperinflationThe CPI tracks price changes for consumers, the GDP Deflator tracks all price changes for everyone(consumers, producers, and the government)

Example calculating real GDP with a deflator

What Is the GDP Price Deflator?

Khan Academy

Real GDP and nominal GDP

Example calculating real GDP with a deflator

GDP deflator