The US economy grew at a 3.8% rate in the second quarter, significantly stronger than previously reported

[progree]

62. New answer: Apparently not, if AI is to be believed

My default search engine is Google, and I'm using the AI blurb it produces:

Q. how does the gdp deflator differ from the consumer price index?

A. The GDP deflator measures the prices of all goods and services produced domestically within an economy, whereas the Consumer Price Index (CPI) measures the prices of goods and services bought by a typical urban consumer. Key differences include the GDP deflator's inclusion of only domestic goods and its use of a changing basket of goods, while the CPI includes imported goods and uses a fixed basket.

Q does the GDP deflator include tariffs?

A. No, the GDP deflator does not include tariffs because the GDP deflator focuses on the prices of domestically produced goods and services and excludes import duties.

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A lot of domestically produced goods have imported parts and ingredients, so I wonder if they try to adjust those out or not.