If the GDP Deflator in 2009 Was 120 Compared to a Value

question 193

Multiple Choice

If the GDP deflator in 2009 was 120 compared to a value of 100 during the 2004 base year, this would indicate that

• A) the inflation rate during 2009 was 20 percent.
• B) the general level of prices during 2009 was 20 percent higher than during 2004.
• C) the inflation rate during 2009 was 120 percent.
• D) real GDP was 20 percent higher in 2009 than 2004.

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