What Does It Mean If the GDP Deflator Is 100

question 73

Multiple Choice

What does it mean if the GDP deflator is 100 this year?  

• A) No inflation occurred during this year. 
• B) This year's price level is the same as it was in the base year. 
• C) This year's price level is one hundred times what it was in the base year. 
• D) This year's price level is double what it was in the base year.

---

Definitions:

Emotional Conformity

The act of aligning one's emotional responses with those of a group, often to fit in or be accepted.

Negative Emotions

Feelings that are considered detrimental to one’s well-being, such as sadness, anger, and fear.

Levels of Guilt

Refers to the varying intensities or stages of guilt that individuals can experience, often contingent on their moral or ethical beliefs.

Extramarital Affair

A romantic or sexual relationship that occurs outside of marriage and usually without the spouse's consent.