Multiple Choice
Suppose that the prices of Canadian-made medical products cause the CPI to increase by 2 percent, while all other prices remain the same. How much will the GDP deflator most likely increase by?
A) 0.0 percent
B) 0.4 percent
C) 2.0 percent
D) 2.4 percent
Correct Answer:
Verified
Correct Answer:
Verified
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