II NGDP in the base year and RGDP in the current are equal, then Oa. There has been inflation or deflation Ob. There has been deflation only Oc There has been inflation only Od. The GDP deflator must be equal to 1

II NGDP in the base year and RGDP in the current are equal, then Oa. There has been inflation or deflation Ob. There has been deflation only Oc There has been inflation only Od. The GDP deflator must be equal to 1

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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