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Q: The GDP deflator is also called :
  • A. implicit inflation index
  • B. explicit inflation index
  • C. implicit price deflator
  • D. explicit price deflator
Correct Answer: Option C - The GDP price deflator, also known as the GDP deflator or the implicit price deflator, that measures the changes in prices for all of the goods and services produced in an economy.
C. The GDP price deflator, also known as the GDP deflator or the implicit price deflator, that measures the changes in prices for all of the goods and services produced in an economy.

Explanations:

The GDP price deflator, also known as the GDP deflator or the implicit price deflator, that measures the changes in prices for all of the goods and services produced in an economy.