Solved

Which of the Following Can the GDP Deflator Be Used

Question 51

Multiple Choice

Which of the following can the GDP deflator be used to identify?


A) the increase in nominal GDP that is due to an increase in prices rather than an increase in production
B) the increase in real GDP that is due to an increase in prices rather than an increase in production
C) the increase in the cost of living for typical Canadian consumers
D) the reduction in government spending required to balance the federal budget

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions