Multiple Choice
What does it mean if the GDP deflator is 100 this year?
A) No inflation occurred during this year.
B) This year's price level is the same as it was in the base year.
C) This year's price level is one hundred times what it was in the base year.
D) This year's price level is double what it was in the base year.
Correct Answer:

Verified
Correct Answer:
Verified
Q68: Suppose real GDP in a particular year
Q69: Which of the following is NOT an
Q70: Why is GDP NOT a perfect measure
Q71: Which of the following would be included
Q72: If an economy produces final output worth
Q74: How is nominal GDP converted to real
Q75: Which of the following describes how imports
Q76: Suppose exports total $6.5 billion and imports
Q77: Suppose nominal GDP increased by 4 percent
Q78: Which of the following is NOT included