The GDP Deflator in Year 2 Is 105, Using Year

question 206

Multiple Choice

The GDP deflator in year 2 is 105, using year 1 as the base year.This means that, on average, the cost of goods and services is

• A)5% higher in year 2 than in year 1.
• B)105% higher in year 2 than in year 1.
• C)5% higher in year 1 than in year 2.
• D)105% higher in year 1 than in year 2.
• E)95% higher in year 2 than in year 1.

---

Definitions:

Public Computer

A computer that is made available in public places like libraries, schools, and community centers for use by the general public.

Conflict of Interest

A situation where a person's personal interests might compromise their decision-making or performance in professional duties or official responsibilities.

Directly Adverse

Situations or conditions that are explicitly unfavorable or harmful to one's interests.

Another Client

Refers to an additional or different client represented by a lawyer or professional, distinguishing from an initial or current client.