If We Look at Inflation as Measured by the GDP

question 42

Multiple Choice

If we look at inflation as measured by the GDP deflator from 1947 to 2012, we see that

• A)inflation was much higher in 1951 than in 1981
• B)inflation was at its highest in 1975
• C)inflation was at its lowest in 1991
• D)all of the above
• E)none of the above

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Definitions:

Directly Proportional

A relationship between two variables where they increase or decrease in conjunction with each other at a constant ratio.

Absorption

The process by which one substance becomes taken up or incorporated into another substance, such as a gas being absorbed by a liquid.

Wavelength

The distance between consecutive crests or troughs in a wave, often used in the context of electromagnetic radiation.

Electromagnetic Radiation

Energy that travels through space in the form of waves, encompassing a broad spectrum from radio waves to gamma rays.