The GDP deflator is a price index based on all GDP components except net exports.
The correct statement about the GDP deflator is: It is a price index that is based on all the GDP components except net exports.
The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy. It is calculated using nominal GDP and real GDP, reflecting price inflation or deflation of these components.
This differs from a price index based on merchandise exported or imported, as it encompasses all components of the GDP except for net exports.
https://brainly.com/question/47814228