Suppose the GDP deflator index has a base period of 100 in 1990 and by the year 2001 the deflator had an index value of 135. What was the percentage change in the purchasing power of this nation's currency?
A) Increased by 35 percent
B) Decreased by 26 percent
C) Increased by 135 percent
D) Decreased by 74 percent
E) None of the above
Correct Answer:
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