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Author Question: If the GDP deflator next year is greater than the GDP deflator this year, then the price level has fallen. (Read 121 times)

tatyanajohnson

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Question 1

For any year beyond the base year, nominal GDP must be greater than real GDP.


◦ true
◦ false

Question 2

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


◦ true
◦ false


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Marked as best answer by tatyanajohnson on Apr 19, 2019

amit

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