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Author Question: Use the formula for the GDP deflator to explain how it is affected by an increase in prices in the ... (Read 115 times)

ereecah

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Use the formula for the GDP deflator to explain how it is affected by an increase in prices in the economy. If the value of the deflator equals 100, what does that tell you about that year with respect to the base year?



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Marked as best answer by ereecah on Mar 16, 2019

jennafosdick

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