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NYC NYC
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8 years ago
The GDP deflator in year 3 is 85 using year 1 as a base year. This means that, on average, the cost of goods and services is:
A) 15% higher in year 1 than in year 3.
B) 7.5% higher in year 3 than in year 1.
C) 15% higher in year 3 than in year 1.
D) 7.5% higher in year 1 than in year 3.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Good answer, thanks.
wrote...
#3
4 years ago
thanks
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#4
3 years ago
Thanks
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