Suppose the GDP deflator is 100 in 2015 and 101 in 2016.
Definitions:
Proletariat
The class of wage-earners, especially in a capitalist society, who do not own the means of production and whose only sustainable means of livelihood is to sell their labor.
Marx
Refers to Karl Marx, a 19th-century philosopher, economist, and revolutionary socialist whose works have significantly influenced socialist and communist movements worldwide.
Social Stratification
The hierarchical arrangement and classification of individuals or groups in society based on wealth, income, social status, occupation, or other criteria.
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