Which of the Following Statements Is Correct

question 143

Multiple Choice

Which of the following statements is correct?

• A)The consumer price index is a measure of the overall level of prices,whereas the GDP deflator is not a measure of the overall level of prices.
• B)If,in the year 2011,the consumer price index has a value of 123.50,then the inflation rate for 2011 must be 23.50 percent.
• C)Compared to the GDP deflator,the consumer price index is the more common gauge of inflation.
• D)The consumer price index and the GDP deflator reflect the goods and services bought by consumers equally well.

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Definitions:

Tactile Corpuscle

A type of mechanoreceptor found in the dermal papillae of the skin, particularly sensitive to light touch and vibrations.

Merkel Cells

Specialized skin cells that function as mechanoreceptors for touch.

Conduction Deafness

A type of hearing loss that occurs when there is a problem conducting sound waves anywhere along the route through the outer ear, tympanic membrane (eardrum), or middle ear.

Temporal Lobe

A region of the brain involved in processing auditory information and is also important for memory and emotion.