If the Base Year for the GDP Deflator Is 2005

question 134

Multiple Choice

If the base year for the GDP deflator is 2005 and the value of the deflator during 2011 is 115, this indicates that the general level of prices

• A) declined by 15 percent between 2005 and 2011.
• B) increased by 15 percent each year during 2005-2011.
• C) was approximately 15 percent higher in 2011 than in 2005.
• D) was approximately 115 percent higher in 2011 than in 2005.

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Definitions:

Chiropractic Medicine

A therapeutic approach to healing that involves a hands-on manipulation of bones in the spinal column to relieve pressure on nerves.

Acupuncture

Involves the use of needles to redirect the flow of energy within the body to treat illness.

Hospice Movement

A response to fears related to the dying process and the institutionalized ways in which death is typically handled in institutional settings.

Elizabeth Kubler-Ross

A Swiss-American psychiatrist known for her pioneering work on the five stages of grief and dying.