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In: Economics

Fill in the blank with the correct answer by typing in the box. The GDP deflator...

Fill in the blank with the correct answer by typing in the box. The GDP deflator is a price index that _______________ all the components of GDP (that is, consumption plus investment plus government plus exports minus imports).

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Expert Solution

Answer : The answer is "include".

GDP shows the total market value of all domestically produced goods and services in a particular year. In expenditure method consumption, investment, government expenditure, net export (export - import) are the components of GDP. GDP deflator show the changes in price level of all domestically produced goods and services. So, the "GDP deflator is a price index and it include all components of GDP".

Rahul Sunny answered 2 years ago
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