Multiple Choice
The GDP deflator of a country in the base year was 100,and it is 130 in the current year.This implies that the prices of final goods and services produced in the country have increased by ________ between the two years.
A) 30 percent
B) 3 percent
C) 10 percent
D) 0.1 percent
Correct Answer:
Verified
Correct Answer:
Verified
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