Multiple Choice
Suppose the price of android tablets increases dramatically,causing a 1 percent increase in the CPI.By how much will the GDP deflator most likely increase?
A) 0.0 percent
B) 0.2 percent
C) 1.0 percent
D) 1.2 percent
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q17: How do the GDP deflator and the
Q28: Suppose that the CPI is currently 300
Q72: Suppose the average price of gas in
Q75: For the average Canadian consumer,what percentage of
Q76: In the country of Hyrkania,the CPI in
Q87: How often does the basket of goods
Q133: The Bank of Canada regularly announces the
Q138: An economy only consumes two goods: food
Q155: In 1972 in Sarnia, Ontario, one could
Q166: If this year the CPI is 125