The GDP Deflator in Year 2 Is 105,using Year 1

question 89

Multiple Choice

The GDP deflator in year 2 is 105,using year 1 as the base year.This means that,on average,the cost of goods and services is

• A)5% higher in year 2 than in year 1.
• B)105% higher in year 2 than in year 1.
• C)5% higher in year 1 than in year 2.
• D)105% higher in year 1 than in year 2.

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Definitions:

Organizational Ethics

Refers to the principles, values, and standards that guide behavior within the context of a business or organization, determining its conduct and decision-making processes.

Senior Leadership

Individuals at the highest level of an organization's hierarchy who are responsible for strategic decision-making and direction.

Career Stage Model

A framework that describes the various phases an individual might go through during their professional life, including exploration, establishment, maintenance, and decline.

Establishment Stage

A phase in an individual's career path where they seek to make their mark in their chosen field, focusing on achievement, growth, and securing a stable position.