A GDP Deflator of 112 Means

question 13

Multiple Choice

A GDP deflator of 112 means:

• A) the overall price level is 12 percent higher than in the base year.
• B) overall output increased by 12 percent since the base year.
• C) the overall price level is 12 percent lower than in the base year.
• D) both production and the overall price level have increased by 12 percent compared to the base year.

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Definitions:

Nonverbal Communication

The transmission of messages or signals through a non-linguistic means, such as facial expressions, gestures, and posture.

Interviews

A method of gathering information through direct conversation, typically involving one person asking a series of questions to another.

Time-consuming

A term used to describe tasks or processes that require a considerable amount of time to complete.

Confidentiality

The assurance that no one other than the researcher will know the identity of a respondent.