The GDP deflator is designed to

Along the elastic portion of a linear demand curve, total revenue rises as price rises

a. True b. False Indicate whether the statement is true or false

Sophia just bought shares of IBM stock for $20,000 and paid a $300 commission to her broker. How did this impact GDP?

A) GDP increased by $20,300 B) GDP increased by $300 C) GDP increased by $20,000 D) GDP increased by $19,700 E) it had no impact on GDP