Is It Possible to Have a GDP Deflator of Less

question 77

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.
• D)Yes,it would indicate a year when prices were lower than in the previous year.

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