Multiple Choice
A country's computed GDP deflator
1) excludes the changes in the price of imported goods;
2) is less relevant than the measured CPI for the typical consumer;
3) is set to be equal to 100 in its base year.
A) 1 only
B) 2 only
C) 1,2,and 3
D) 1 and 3
E) 2 and 3
Correct Answer:
Verified
Correct Answer:
Verified
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