Multiple Choice
Is it possible to have a GDP deflator of less than 100?
A) Yes, it would indicate a year when prices were lower than in the base year.
B) Yes, it would indicate a year when output was lower than in the base year.
C) No, that is mathematically impossible for the deflator to be less than 100.
D) Yes, it would indicate a year when prices were lower than in the previous year.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: The difference between black market and gray
Q14: According to the circular flow model, expenditures
Q15: An example of a negative externality is:<br>A)
Q16: An example of a good or service
Q17: GDP per capita:<br>A) paints a clearer picture
Q19: Suppose you are given the following annual
Q20: U.S. exports are:<br>A) U.S. goods sold to
Q22: Investment, as a part of GDP, includes:<br>A)
Q23: Calculating the value of an economy is
Q107: The rate of change in GDP over