Cal Tells Dana That He Would Like to Purchase Her

question 62

Multiple Choice

Cal tells Dana that he would like to purchase her used car for $5,000. Cal is making

• A) a prediction.
• B) an offer.
• C) a moral obligation.
• D) a gift.

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Definitions:

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to convert nominal GDP into real GDP.

Consumer Price Index

A benchmark capturing the average movement over time in the outlay of urban buyers for a predetermined mix of consumer goods and services.

Consumer Price Index

An index measuring the change over time in the price level of consumer goods and services purchased by households.

Base Year

A reference point in time used for comparative purposes, particularly in the context of economic and financial indices.