The Inflation Rate Is the

question 27

Multiple Choice

The inflation rate is the

• A)absolute change in real GDP from one period to another.
• B)percentage change in real GDP from one period to another.
• C)absolute change in the price level from one period to another.
• D)percentage change in the price level from one period to another.

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Definitions:

Bile

A digestive fluid produced by the liver and stored in the gallbladder, that aids in the digestion and absorption of fats in the small intestine.

Common Bile Duct

A duct in the digestive system that conveys bile from the liver and gallbladder to the duodenum.

Cystic Duct

A short duct that connects the gallbladder to the common bile duct, which then carries bile to the intestine.

Hepatic Duct

The duct that carries bile from the liver into the common bile duct, which then heads towards the gallbladder or intestine.