Table 5-3. Prices and Quantities

question 159

Multiple Choice

Table 5-3.
Prices and Quantities

-Refer to Table 5-3. Using the GDP deflator to measure the average level of prices and using 2006 as the base year, what is the economy's inflation rate?

• A)20 percent for 2009 and 12.5 percent for 2010
• B)20 percent for 2009 and 30 percent for 2010
• C)25 percent for 2009 and 28 percent for 2010
• D)44.7 percent for 2009 and 45.5 for 2010

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Definitions:

High Birth Rates

A demographic situation characterized by a significant number of births per 1,000 individuals in a population, often leading to population growth.

Welfare Queens

A pejorative term that stereotypes certain individuals as abusing social welfare systems, often rooted in racial or class-based biases.

Working

The act of engaging in employment or exerting effort towards the production of goods and services in exchange for wages or salary.

Looking For Work

The process engaged in by individuals who are actively seeking employment opportunities but are currently unemployed.