The GDP Deflator in Year 2 Is 110 and the GDP

question 41

Multiple Choice

The GDP deflator in year 2 is 110 and the GDP deflator in year 3 is 118. The rate of inflation between years 2 and 3 is

• A) 4.55%.
• B) 7.27%.
• C) 8%.
• D) 18%.

---

Definitions:

Estate

The total property, assets, and liabilities of a person, especially considered in the context of inheritance or estate planning.

Portrait Painter

An artist who creates paintings that depict the appearance of a specific individual or group of people.

Assignment

The act of handing over ownership, obligations, or properties from one entity to another.

Personal

Relating to or affecting an individual directly and privately, not related to one's professional or public life.