If the GDP deflator next year is greater than the GDP deflator this year, then the price level has fallen.

Name: If the GDP deflator next year is greater than the GDP deflator this year, then the price level has fallen.
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If the GDP deflator next year is greater than the GDP deflator this year, it means that the price level has increased, not fallen. The GDP deflator measures the overall price level of goods and services produced in a country, so a higher value indicates that prices have increased.

If the GDP Deflator Next Year Is Greater Than the GDP