If There Is a Reduction in the Price of Large

question 98

Multiple Choice

If there is a reduction in the price of large tractors imported into Canada from Russia,what will happen to the GDP deflator and the consumer price index?

• A) The GDP deflator and the consumer price index will decrease.
• B) The GDP deflator will not change; the consumer price index will decrease.
• C) The GDP deflator will decrease; the consumer price index will not change.
• D) Neither the GDP deflator nor the consumer price index will change.

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