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Changes in the GDP Deflator Reflect Only Changes in the Prices

question 23

True/False

Changes in the GDP deflator reflect only changes in the prices of goods and services.


Definitions:

Opportunity To Change

The possibility or potential for modification, transformation or transitioning from one state or condition to another.

Motivation

The internal drive or external incentive that stimulates an individual to act towards achieving a goal.

Capability

The ability or qualities necessary to do something effectively.

Opportunity

A set of circumstances that makes it possible to do something or achieve a specific outcome.

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