This page has a specific example: https://www.economicsdiscussion.net/differences-between/difference-between-cpi-and-gdp-deflator/11320 https://www.economicsdis

This page has a specific example: https://www.economicsdiscussion.net/differences-between/difference-between-cpi-and-gdp-deflator/11320 https://www.economicsdiscussion.net/differences-between/diff... Keep in mind that their example chose a very gentle substitution (apples and oranges) while my example chose a very extreme substitution (housing and clean water for tents and unfiltered water). A nontrivial amount of your opinion-formation should include deciding where typical substitutions (e.g. moving back in with parents) actually lie on that scale. Of course, this choice is peanuts compared to the choice of whether or not you lump high income earners in with low income earners. Hence my focus on the Elysium test.