A Country's Computed GDP Deflator

question 6

Multiple Choice

A country's computed GDP deflator
1) excludes the changes in the price of imported goods;
2) is less relevant than the measured CPI for the typical consumer;
3) is set to be equal to 100 in its base year.

• A)1 only
• B)2 only
• C)1,2,and 3
• D)1 and 3
• E)2 and 3