Multiple Choice
What does the GDP deflator reflect?
A) the level of prices in the base year relative to the current level of prices
B) the current level of prices relative to the level of prices in the base year
C) the level of real output in the base year relative to the current level of real output
D) the current level of real output relative to the level of real output in the base year
Correct Answer:
Verified
Correct Answer:
Verified
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