The GDP deflator was 100 in the year 2000 and was 105 in year-09307
The GDP deflator was 100 in the year 2000 and was 105 in year 2002. From this information, we can conclude that:
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.15.
The GDP deflator was 100 in the year 2000 and was 105 in year 2002. From this information, we can conclude that:
The price level increased by 5 percent from 2000 to 2002.
The price level increased by 205 percent from 2000 to 2002
The price level increased by 105 percent from 2000 to 2002
We cannot judge price increases from changes in the GDP deflator
