The GDP deflator is good cost of living index

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Reference no: EM13851044

True of False:

A. The GDP deflator is a good cost of living index.

B. GDP is more volatile in the short-run than the long-run.

C. All government spending is in GDP.

D. If GDP is adjusted for purchasing power, the US usually improves its relative position.

E. The sale of primary and intermediate goods are excluded from GDP.

F. Historically, a recession generally meant GDP was falling.

Reference no: EM13851044

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