CFA Practice Question

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CFA Practice Question

The GDP deflator is ______

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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