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If the value of GDP deflator in year 2000 is 0.9, then the price of some good in 2000 must be: lower than the price
If the value of GDP deflator in year 2000 is 0.9, then the price of some good in 2000 must be: lower than the price of the same good in the base year. B. higher than the price of the same good in the base year. C. the same as the price of the same good in the base year. D. none of the above. In the base year, nominal GDP must be: A. greater than real GDP in the same year. B. equal to real GDP in the same year. C. less than real GDP in the same year
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