The GDP Deflator in Year 2 Is 110 Using Year

question 29

Multiple Choice

The GDP deflator in year 2 is 110 using year 1 as a base year. This means that, on average, the price of goods and services is

• A) 110% higher in year 2 than in year 1.
• B) 10% higher in year 2 than in year 1.
• C) 5% higher in year 1 than in year 2.
• D) 110% higher in year 1 than in year 2.

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Definitions:

Vitamin D

A fat-soluble vitamin that is important for maintaining bone health, supporting immune function, and aiding in the absorption of calcium and phosphorus.

Stem Cells

Undifferentiated cells capable of giving rise to indefinitely more cells of the same type, and from which certain other kinds of cell arise by differentiation.

Mitosis

Nuclear division mechanism that maintains the chromosome number; occurs in stages (prophase, metaphase, anaphase, and telophase). Basis of body growth, tissue repair, and (in some organisms) asexual reproduction.

Differentiation

Differentiation is the process by which cells or tissues undergo a change towards a more specialized form or function during development.