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Business, 11.02.2020 23:14 wxvvyyyy

Is it possible to have a GDP deflator of less than 100? Multiple Choice

1. Yes, it would indicate a year when output was lower than in the base year.
2. No, that is mathematically impossible for the deflator to be less than 100.
3. Yes, it would indicate a year when prices were lower than in the previous year.
4. Yes, it would indicate a year when prices were lower than in the base year.

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Is it possible to have a GDP deflator of less than 100? Multiple Choice

1. Yes, it woul...
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