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An Increase in the Price Level of 5 Per Cent

Question 107

Multiple Choice

An increase in the price level of 5 per cent between 2008 and 2009 would be implied by a change in the GDP deflator from ________ in 2008 to ________ in 2009.


A) 105; 115
B) 200; 205
C) 400; 420
D) 375; 390

Correct Answer:

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