- CFA Exams
- 2021 CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 14. Aggregate Output, Prices, and Economic Growth
- Subject 1. Gross Domestic Product
CFA Practice Question
The GDP deflator is ______
B. a measure of nominal GDP.
C. an index of how prices change over time.
D. the difference between real and nominal GDP.
E. a measure of the growth rate of GDP.
A. a measure of real GDP.
B. a measure of nominal GDP.
C. an index of how prices change over time.
D. the difference between real and nominal GDP.
E. a measure of the growth rate of GDP.
Correct Answer: C
The GDP deflator is a price index that is used to measure how prices change over time.
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