Question: 20. Suppose the prices of imported laptops increase dramatically, causing a 1 percent increase in the CPI. By how much will the GDP deflator most

20. Suppose the prices of imported laptops increase dramatically, causing a

20. Suppose the prices of imported laptops increase dramatically, causing a 1 percent increase in the CPI. By how much will the GDP deflator most likely increase? (2 marks) a) 0.0 percent b) 0.2 percent c) 1.0 percent d) 1.2 percent

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