If the GDP deflator next year is less than the GDP deflator this year, then the price level has fallen.

Name: If the GDP deflator next year is less than the GDP deflator this year, then the price level has fallen.
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The GDP deflator is a measure of the overall price level of goods and services produced in an economy. If the GDP deflator next year is less than the GDP deflator this year, it means that prices on average have decreased, indicating that the price level has fallen.

If the GDP Deflator Next Year Is Less Than the GDP