Given below are two statements one is labelled as Assertion (A) and other as Reason (R):
Assertion (A) : GDP deflator does not include prices of imported goods
Reason (R) : Consumer Price Index (CPI) includes prices of goods consumed by the representative consumer, hence it includes prices of imported goods.
1
Both (A) and (R) are true and (R) is correct explanation of (A)
2
Both (A) and (R) are true, but (R) is not correct explanation of (A)
3
(A) is true, but (R) is false
4
Both (A) and (R) are false