Multiple Choice
In Canada, if the price of imported oil rises so that the price of gasoline and heating oil rise, what happens to the GDP deflator and the consumer price index?
A) The GDP deflator rises much more than the consumer price index rises.
B) The consumer price index rises much more than the GDP deflator rises.
C) The GDP deflator and the consumer price index rise by about the same amount.
D) The consumer price index rises slightly more than the GDP deflator rises.
Correct Answer:
Verified
Correct Answer:
Verified
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