True/False (1 point each): Indicate whether the statement is true or false. (A = True; B = False) 1. 10. A depreciation of the Swiss franc relative to the British pound would tend to increase Swiss exports to Great Britain. The GDP deflator is a measure of the aggregate or average price level. There is always some frictional and structural unemployment present in a dynamic economy. When actual GDP is equal to potenttial GDP there is no cyclical unemployment. The payments by a German corporation to a US economist for her part-time consulting work in UK will be accounted as factor income from abroad. A country with a financial account surplus is a net creditor. The value of the services performed by a homemaker within the household is not included in the measurement of GDP. If inflation is higher than expected it always benefits people who earn interest income. Investment includes business spending for capital goods and changes in inventory. Wheat produced in the U.S. and sold to Japan would not add to U.S. GDP