FALL IN THE VALUE OF GNP DEFLATOR POINTS TO ________ IN THE PRICE LEVEL BETWEEN THE BASE YEAR AND THE CURRENT YEAR.
RISE
EITHER RISE OR FALL
BOTH RISE AND FALL
FALL
Answers
Answered by
3
Answer:
both rise and fall
Explanation:
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Answered by
1
Answer:
fall
Explanation:
GNP deflator is also known as implicit price deflator. it is calculated by dividing nominal GNP to Real GNp. it helps yo find out how much GNP changes due to change in price from base year to current period.
GNP deflator= nominal GNP/Real GNP*100
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