The GDP deflator is a measure of:
A. the overall change in prices in an economy, using the ratio between real and nominal GDP.
B. the overall change in output in an economy, based on goods and services valued at constant prices.
C. the overall change in prices in an economy, based on price-changes determined when output is held constant.
D. the overall change in output in an economy, using the ration between real and nominal GDP.
Answer: A
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.