An increase in the price of dairy products produced domestically will be reflected in a. both the GDP deflator and the consumer price index. b. the GDP deflator but not in the consumer price index. c. neither the GDP deflator nor the consumer price index. d. the consumer price index but not in the GDP deflator.

a. both the GDP deflator and the consumer price index.

Explanation:

The Gross Domestic Products (GDP) is the measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

The CPI (Consumer Price Index) overstates the underlying inflation rate because when the price of a commodity rises, consumers tend

to purchase less of it and seek for

substitutes instead. Conversely, as the price of a commodity falls, consumers tend to purchase more

of it.

Hence, an increase in the price of dairy products produced domestically will be reflected in both the GDP deflator and the consumer price index.

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.