If the GDP Deflator in 2011 Was 130 Compared to a Value

question 68

Multiple Choice

If the GDP deflator in 2011 was 130 compared to a value of 100 during the 2005 base year, this would indicate that

• A) the inflation rate during 2011 was 30 percent.
• B) the general level of prices during 2011 was 30 percent higher than during 2005.
• C) the inflation rate during 2011 was 130 percent.
• D) nominal GDP grew by 30 percent during 2011.
• E) real GDP was 30 percent higher in 2011 than 2005.

---

Definitions:

Workforce Layoffs

The process of reducing a company's workforce to cut costs or respond to changes in demand, often resulting in involuntary job loss for affected employees.

Constructive Dismissal

A major change in the terms of the employment contract that results in an employee’s resigning.

Promotion

The advancement of an employee to a higher position within the organization that usually comes with more responsibilities and higher pay.

Constructive Dismissal

A situation where an employee resigns due to the employer's behavior or changes to their job condition, effectively being forced out without a formal dismissal.