College students living off-campus frequently consume large amounts of ramen noodles and boxed macaroni and cheese. when they finish school and start careers, their consumption of both goods frequently declines. this suggests that ramen noodles and boxed macaroni and cheese are: inferior goods. normal goods. complementary goods. substitute goods.

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.