The GDP Deflator Is

question 129

Multiple Choice

The GDP deflator is

• A) an index that utilizes a consumer's market basket of goods in calculating the inflation rate.
• B) the most general indicator of inflation since it measures changes in the prices of all goods and services in the economy.
• C) an index used to calculate inflation at the wholesale level.
• D) the least used index because it is so costly to calculate.

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