What Does the GDP Deflator Reflect

question 169

Multiple Choice

What does the GDP deflator reflect?

• A) the level of prices in the base year relative to the current level of prices
• B) the current level of prices relative to the level of prices in the base year
• C) the level of real output in the base year relative to the current level of real output
• D) the current level of real output relative to the level of real output in the base year

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