The GDP deflator can be used-09294
The GDP deflator can be used:
This multiple choice question (MCQ) is related to the book/course
vu eco403 Macroeconomics.
It can also be found in
vu eco403 Final Term - Quiz No.14.
The GDP deflator can be used:
To reduce the overstatement of economic activity that would occur if we included intermediate production.
To correct nominal GDP for the contribution to domestic GDP made by foreign owned factors of production.
To decompose a change in nominal GDP into a change in real GDP and an average change in prices.
