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4 September, 02:12

What is the implicit GDP price deflator?

a. a price index that measures price changes in GDP

b. a measure designed to record the effects of inflation on consumers

c. a price index that records the prices businesses receive

d. a method used to calculate current GDP

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  1. 4 September, 02:32
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    In economics, the GDP deflator (implicit price deflator) is a measure of the level of prices of all new, domestically produced, final goods and services in an economy.
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