An increase in the price of a waterman industries deep-water reel, which is a commercial fishing product used for deep-sea fishing, made in the u. s., but not bought by u. s. consumers

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Business

Mercedes Mckenzie

2 June, 22:34

An increase in the price of a waterman industries deep-water reel, which is a commercial fishing product used for deep-sea fishing, made in the u. s., but not bought by u. s. consumers

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Diamond Huff · Answer 1

The commercial fishing equipments like the Waterman industries deep-water reel, produced in the US is not bought by a typical consumer from the US.

The GDP deflator is an indicator of all the prices of the products that have been produced domestically.

Since the commercial fishing equipment is not purchased usually by a US consumer, there will not be any GDP deflator price change which might affect the CPI (consumer price index).