A GDP deflator of 112 means:
A) the overall price level is 12 percent higher than in the base year.
B) overall output increased by 12 percent since the base year.
C) the overall price level is 12 percent lower than in the base year.
D) both production and the overall price level have increased by 12 percent compared to the base year.
Correct Answer:
Verified
Q89: Is it possible for a country's nominal
Q90: The GDP deflator is:
A) measured using the
Q91: If both nominal GDP and real GDP
Q92: Nominal GDP measures this year's output at:
A)
Q93: The value of the GDP deflator in
Q95: The GDP deflator measures the overall change
Q96: According to annual price deflator information (https://fred.stlouisfed.org)
Q97: The base year refers to the year
Q98: Assume the table shown displays the total
Q99: Given the annual price deflator information (https://fred.stlouisfed.org)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents