The GDP Deflator Is Designed to Adjust Nominal GDP

question 155

Multiple Choice

The GDP deflator is designed to adjust nominal GDP

• A) for changes in the unemployment rate.
• B) for changes in prices.
• C) for problems that arise because of externalities.
• D) for changes in interest rates.

---

Definitions:

Making Decisions

The process of selecting a course of action from several alternatives to achieve a specific objective.

Management Accounting Responses

The actions or strategies that management accounting suggests or implements in response to financial analyses or business challenges.

E-Commerce

The exchange of goods and services, or the transfer of money or information, across an electronic network, mainly the internet.

Management Accountant

A professional responsible for analyzing financial information to guide business strategy, planning, and decision-making.