The GDP Deflator Can Be Used to Take Inflation Out

question 91

True/False

The GDP deflator can be used to take inflation out of nominal GDP.

---

Definitions:

Heritable Trait

A characteristic that is transferred from parent to offspring through the genes, subject to the principles of genetic inheritance.

Knowledge-Based Questions

are inquiries that require an understanding of facts, concepts, and information, as opposed to opinions or personal interpretations.

Crystallized Intelligence

Crystallized intelligence is the ability to use skills, knowledge, and experience; it does not equate to memory or knowledge but rather the ability to use them appropriately.