The Value of the GDP Deflator in the Base Year

question 23

Multiple Choice

The value of the GDP deflator in the base year is always:

• A) 103.
• B) 100.
• C) 4 percent.
• D) 97.

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Definitions:

Sustainable Business

A business approach that focuses on meeting the needs of the present without compromising the ability of future generations to meet their own needs.

Natural Environment

All living and non-living things occurring naturally, such as land, water, air, plants, and animals, which are essential for human survival and economic activity.

Uncertain Environment

An external context in which it is difficult to predict future conditions or outcomes, often leading to challenges in planning and decision making.

Environmental Conditions

The various physical, chemical, and biological factors that surround and affect the viability and activities of an organism or community.