Business, 24.12.2020 16:40, madim1275

The GDP deflator in year 2 is 95 using year 1 as a base year. This means that, on average, the price of goods and services is Group of answer choices 105% higher in year 2 than in year 1. 5% higher in year 2 than in year 1. 105% higher in year 1 than in year 2. 5% higher in year 1 than in year 2.

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The GDP deflator in year 2 is 95 using year 1 as a base year. This means that, on average, the price...