Please answer the quiz questions below. You are to provide a written explanation for each question and the answers below. For the correct answer, you must explain why the answer is correct. For the incorrect answer, you must explain why the answer is incorrect
5. Assume most athletic apparel bought by U.S. consumers is imported from other nations. If all else is constant, an increase in the price of foreign-made athletic apparel will cause the U.S.
a. consumer price index and GDP deflator to increase by exactly the same amount.
b. GDP deflator to increase more than the consumer price index.
c. consumer price index to increase more than the GDP deflator.
d. GDP deflator to decrease less than the consumer price index.
