Solved

Is It Possible to Have a GDP Deflator of Less

Question 18

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions