The GDP Deflator Is the Ratio of

question 94

Multiple Choice

The GDP deflator is the ratio of

• A)real GDP to nominal GDP multiplied by 100.
• B)real GDP to the inflation rate multiplied by 100.
• C)nominal GDP to real GDP multiplied by 100.
• D)nominal GDP to the inflation rate multiplied by 100.

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Illegal Drugs

Substances whose production, sale, or possession is prohibited by law due to their potential for abuse and harm.

Smuggle

The act of illegally transporting goods or people across borders, typically to avoid taxes or regulations.

Offeree

The party to whom an offer is made, in the context of contract law, who has the option to accept or reject the proposal.

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