Which of the Following Can the GDP Deflator Be Used

question 51

Multiple Choice

Which of the following can the GDP deflator be used to identify?

• A)the increase in nominal GDP that is due to an increase in prices rather than an increase in production
• B)the increase in real GDP that is due to an increase in prices rather than an increase in production
• C)the increase in the cost of living for typical Canadian consumers
• D)the reduction in government spending required to balance the federal budget

---

Definitions:

Sodium Reduction

Sodium reduction involves strategies and practices aimed at decreasing the amount of sodium in food products to improve public health outcomes.

Fast Food Chain

A series of restaurants, often part of a corporate franchise, offering quick service and a limited menu of food items.

Major Stakeholders

are individuals or groups significantly affected by or having a substantial influence on the outcomes of an organization's actions, decisions, policies, and objectives.

Organizational Stakeholders

Individuals or groups that have an interest or stake in the success and activities of an organization, such as employees, customers, shareholders, and suppliers.