If You Have $1 000 and the GDP Deflator Increases

Multiple Choice

If you have $1 000 and the GDP deflator increases from 112 to 120,then

A) the value of the $1 000 increases.
B) the $1 000 will buy 7 percent more of the goods and services produced by society.
C) the $1 000 will buy 7 percent less of the goods and services produced by society.
D) you will be able to more goods,but the real value of those goods will decrease at the same time.