The Bureau of Economic Analysis calculates a number of different measures of inflation - the GDP Deflator, the Consumer Price Index, the Wholesale Price Index, etc ... Given that, which of the following is an accurate description of the question, "According to the Bureau of Economic Analysis, what has been the average annual level of inflation (as measured by the GDP Deflator) over the past 10 years?

Question

Delilah

Social Studies

13 October, 03:13

The Bureau of Economic Analysis calculates a number of different measures of inflation - the GDP Deflator, the Consumer Price Index, the Wholesale Price Index, etc ... Given that, which of the following is an accurate description of the question, "According to the Bureau of Economic Analysis, what has been the average annual level of inflation (as measured by the GDP Deflator) over the past 10 years?

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Answers (1)

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Lilliana Ball · Answer 1

A macroeconomic factual question.

Explanation:

Macroeconomics is the branch of the economics which deals with behavior, structure, performance, and the decision-making of the economy as a whole. This includes regional economies, national economies, and global economies.

Thus, asking about the average annual level of inflation is a factual question which comes under macroeconomics as it deals with the calculation of performance and behavior of the levels of inflation.