The GDP Deflator Is

question 145

Multiple Choice

The GDP deflator is:

• A) a measure of the overall change in prices in an economy, using the ratio between real and nominal GDP.
• B) one way of summarizing how prices have changed across the entire economy.
• C) a weighted average of all of the individual price changes in the economy.
• D) All of these statements are correct.

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Definitions:

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