9
QuizMultiple Choice

GDP and Changes in the Price Level

Question 9 • VT-GA-EOC-Personal Finance & Economics A ULHS

Which of the following is a price index?

Answer
A
GNP
B
Net National Product
C
Implicit GDP Price Deflator
D
PSI

Explanation

The Implicit GDP Price Deflator is a price index: it measures the average change in prices of goods and services included in GDP. GNP and Net National Product are measures of economic output or income, not price indexes. Therefore, the correct choice is “Implicit GDP Price Deflator.”

AI-written and checked against the verified answer.

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