MACRO please help me to study?

Question

11. How is the CPI calculated, roughly?

12. What are shortcomings of the CPI?

13. What is the GDP deflater?

14. What is meant by chained ($2000) GDP?

15. What is meant by seasonally adjusted data?

16. What is the difference between gross and net investment?

Answer 1

In economics, the GDP deflator (implicit price deflator for GDP) is a measure of the change in prices of all new, domestically produced, final goods and services in an economy. GDP stands for gross domestic product, the total value of all final goods and services produced within that economy during a specified period.