Statement I: The CPI and the GDP deflator are similar concepts,but the GDP deflator is a broader measure.
Statement II: The CPI and the GDP deflator are inversely related,so when the CPI rises,the GDP deflator declines.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Correct Answer:
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