Which of the Following Best Describes the Evolution of the GDP

question 100

Multiple Choice

Which of the following best describes the evolution of the GDP deflator and the consumer price index over the past decades?

• A)In the late 1970s, the late 1980s, and early 1990s, the GDP deflator showed high rates of inflation, but the consumer price index showed low rates of inflation.
• B)In the late 1970s, both the GDP deflator and the consumer price index showed high rates of inflation, and in the late 1980s and early 1990s, both measures showed low inflation.
• C)In the late 1970s, both the GDP deflator and the consumer price index showed low rates of inflation, and in the late 1980s and early 1990s, both measures showed high rates of inflation.
• D)In the late 1970s, the late 1980s, and early 1990s, both the GDP deflator and the consumer price index showed high rates of inflation.

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Definitions:

Debit Balance

A situation where the sum of debits in an account exceeds the sum of credits, often indicating the amount owed or expenses.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those shown on a bank statement.

Check Amount

The total sum of money written on a check that is payable to the recipient.

Book Balance

The balance in a company's accounting records for a particular account, which may differ from the actual cash balance until reconciled.