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Multiple-Choice Questions: 1. The broadest measure of the aggregate price level is the a. GDP deflator. b. consumer price index. c. producer price index. d. gross domestic product. 2. If the value of a price index was 125 for 2005 and 75 for 1982, and GDP was 2500 in 2005 compared to 600 in 1982, the value of real 2005 GDP in terms of 1982 prices is a. 1500. b. 1000. C. 2500. d. 360. 3. The index that measures the change in price of a typical basket of consumer goods is a. the GDP deflator. b. the consumer price index. c. nominal GDP. d. real GDP. 4. The investment component of GDP includes a. residential construction investment. b. inventory investment. c. business fixed investment. d. Both b and c e. All of the above