the price of frosted shredded wheat breakfast cereal. The US price of popular imported athletic shoes produced in Thailand by a U. Company increases….

D. the price of frosted shredded wheat breakfast cereal. The US price of popular imported athletic shoes produced in Thailand by a U.S. Company increases. By itself what effect will this change have on the US GDP deflator and CPI? A. The GDP deflator and the CPI will both increase. B. The GDP deflator will increase and the CPI will be unaffected. C. The GDP deflator and the CPI will both be unaffected. D. The GDP deflator will be unaffected and the CPI will increase. Suppose that in a closed economy GDP is equal to 10,000, Taxes are equal to 2,000, Consumption equals 6,500, and Government expenditures equal 2,500. What are private saving and public saving? A. 1500 and -500 b. 1500 and 500 c. 1000 and -500 d. 1000 and 500 If a U.S.

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