The GDP Deflator Is Designed to Adjust Nominal GDP for Changes

question 87

Multiple Choice

The GDP deflator is designed to adjust nominal GDP for changes in

• A) the level of transfer payments.
• B) the quality of goods over time.
• C) the costs of economic bads such as pollution and crime.
• D) the general level of prices over time.

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Definitions:

Infant Mortality Rate

Proportion of babies born alive who die within the 1st year.

SIDS

Sudden Infant Death Syndrome, an unexplained death, usually during sleep, of a seemingly healthy baby less than a year old.

Birth Defects

Anomalies present at birth that can cause physical or mental disability, some of which may be life-threatening or require surgical intervention.

Low-Birth-Weight

A term used to describe newborns weighing less than 2500 grams (5 pounds, 8 ounces) at birth.