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What Is the GDP Deflator

Question 8

Multiple Choice

What is the GDP Deflator?


A) A measure of the price level of goods included in the GDP.
B) It is another name for the Consumer Price Index.
C) It is equal to nominal GDP minus the price level.
D) It is equal to nominal GDP minus the change in the price level.
E) It is equal to nominal GDP divided by the price level.

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