If the prices of australian-made shoes imported into the united states increase, then, as a result a. both the gdp deflator and the consumer price index increase. b. neither the gdp deflator nor the consumer price index increases. c. the gdp tor increases but the consumer price index does not increase. d. the consumer price index will increase, but the gdp deflator will not increase suppose the cpi was 95 in 1955 and currently the cpi is 475. according to the cpi, $100 today purchases the same amount of goods and services as a. $20.00 purchased in 1955. b. $33.33 purchased in 1955 c. $47.50 purchased in 1955. d. none of the above is correct. if the nominal interest rate is 8 percent and rate of inflation is 5.5 percent, then the real interest rate is a. 13.5 percent. b. 12 percent. c. 2.5 percent. d. -2.5 percent. indicate whether the sentence or statement is true or false. bias in computing the cpi tends to make the cpi overstate the true increase in the cost of living. if the nominal interest rate is 5 percent and the inflation rate is 2 percent, then the real interest rate is 3 percent.