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The GDP Deflator Is a Measure of the

Question 1

Multiple Choice

The GDP deflator is a measure of the


A) total production of the economy adjusted for inflation.
B) total production of the economy unadjusted for inflation.
C) average level of prices of final goods and services in the economy.
D) average level of prices of intermediate goods and services in the economy.
E) the depth of a recession.

Correct Answer:

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