Multiple Choice
The GDP deflator is a
A) statistical measure of a weighted average of prices of a specific set of goods and services purchased by wage earners in urban areas.
B) statistical measure of a weighted average of prices of commodities that firms produce and sell.
C) price index measuring the changes in prices of all new goods and services produced in the economy.
D) price index that tracks the price level of commodities that firms purchase from other firms.
Correct Answer:

Verified
Correct Answer:
Verified
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