On the basis of deflator calculated in above question, which of the following is correct-

CA Foundation · Business Economics · MTP · June 2024
On the basis of deflator calculated in above question, which of the following is correct-
(A) A. Prices have fallen as compared to base year
(B) B. Prices have increased as compared to base year.
(C) C. Prices have not changed at all
(D) D. None

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Prices have fallen as compared to base year

Topics: International Trade

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