The GDP Deflator Is the Ratio of Real to Nominal

question 116

True/False

The GDP deflator is the ratio of real to nominal GDP (multiplied by 100).

---

Definitions:

Mean

The arithmetic average of a distribution, obtained by adding the scores and then dividing by the number of scores.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution. It aims to provide an accurate description of the entire data set.

Extremely Low Scores

Results that are significantly below the average range in assessments or evaluations.

Bar Graph

A graphical representation of data using bars of different lengths or heights to compare values across categories.