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Assume that the GDP deflator is equal to 125 in 2022 and that the base year is 2015. This means that a. prices are on

Assume that the GDP deflator is equal to 125 in 2022 and that the base year is 2015. This means that

a. prices are on average 1.25 times higher in 2022 than in 2015 b. prices are on average increased by 125% between 2015 and 2022 c. the inflation rate is 25% d. prices are 12.5% higher in 2022 than in 2015

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