Multiple Choice
The price of imported cotton shirts produced by a Canadian company operating in India increases. By itself, what effect will this change have on the Canadian GDP deflator and CPI?
A) The GDP deflator and the CPI will both increase.
B) The GDP deflator will increase, but the CPI will be unaffected.
C) The GDP deflator and the CPI will both be unaffected.
D) The GDP deflator will be unaffected, but the CPI will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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