1. Edward Adiska buys everything he possibly can on credit. If he does not have enough money to cover his monthly payments when they are due, he borrows money to pay
them. His sister, Debbie, likes to buy things only after she has saved enough money to
pay cash for them.
a. Whose plan do you think is better?

This problem has been solved! see the answerwhich of the following statements is correct? the consumer price index is a measure of the overall level of prices, whereas the gdp deflator is not a measure of the overall level of prices. if, in the year 2011, the consumer price index has a value of 123.50, then the inflation rate for 2011 must be 23.50 percent. compared to the gdp deflator, the consumer price index is the more common gauge of inflation. the consumer price index and the gdp deflator reflect the goods and services bought by consumers equally well.