Multiple Choice
The GDP deflator reflects the
A) level of prices in the base year relative to the current level of prices.
B) current level of prices relative to the level of prices in the base year.
C) level of real output in the base year relative to the current level of real output.
D) current level of real output relative to the level of real output in the base year.
Correct Answer:
Verified
Correct Answer:
Verified
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