The GDP deflator
A)Is the price index based on a fixed basket of goods and services for the government.
B)Is the best measure of inflation for consumers.
C)Reflects the price changes felt by producers but not consumers.
D)Is the broadest price index,covering all output.

Question

Quizplus · Accepted Answer

The GDP deflator is a broad measure of inflation that reflects the price changes of all domestically produced goods and services in an economy, making it the broadest price index.

The GDP Deflator