How are the CPI and the PCE deflator similar, and how are they different?

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Macroeconomics

ISBN: 9781464182891

9th Edition

Authors: N Gregory Mankiw

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Question Posted: Feb 29, 2024 05:01 AM

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How are the CPI and the PCE deflator similar, and how are they different?

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The CPI Consumer Price Index and the PCE Personal Consumption Expenditures deflator are both measures used to track changes in the overall price level in an economy over time However they differ in their scope composition and methodology Similarities Both measure ...View the full answer

Macroeconomics

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