If the GDP Deflator in 2009 Was 120 Compared to a Value

question 193

Multiple Choice

If the GDP deflator in 2009 was 120 compared to a value of 100 during the 2004 base year, this would indicate that

• A) the inflation rate during 2009 was 20 percent.
• B) the general level of prices during 2009 was 20 percent higher than during 2004.
• C) the inflation rate during 2009 was 120 percent.
• D) real GDP was 20 percent higher in 2009 than 2004.

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Definitions:

Planned Change

A deliberate effort to improve an organization's effectiveness or efficiency through modifications in processes, policies, or technologies.

Emergent Change

Unplanned and spontaneous changes that arise from within the organization, often in response to unforeseen challenges or opportunities.

Cultural Change

The transformation of the cultural structure and practices of a society or organization over time.

Organizational Efficiency

The ability of an organization to achieve its goals with minimal waste of resources, including time, money, and labor.