Multiple Choice
The GDP implicit price deflator is:
A) a broad index that includes the price of a specific basket of goods and services.
B) a more narrow measure than the CPI, as it only includes producer prices.
C) used to calculate nominal GDP from real GDP.
D) a measure of changes in the prices of consumer goods, business investment, government spending and exports and imports.
Correct Answer:
Verified
Correct Answer:
Verified
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