Multiple Choice
Suppose that increases in the prices of Canadian medical care cause the CPI to increase by 2 percent,while all other prices remain the same.How much will the GDP deflator most likely increase by?
A) 0.0 percent
B) 0.4 percent
C) 2.0 percent
D) 2.4 percent
Correct Answer:
Verified
Correct Answer:
Verified
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