A Japanese company produces biscuits in Australia and exports all of them to China. If the price
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Question:
A Japanese company produces biscuits in Australia and exports all of them to China. If the price of the biscuits increases, then:
- The GDP deflator and the CPI both increase
- The GDP deflator increases and the CPI is unchanged
- The GDP deflator is unchanged and the CPI increases
- The GDP deflator and the CPI are unchanged
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