The GDP Deflator Is Equal to

question 242

Multiple Choice

The GDP deflator is equal to

• A)real GDP divided by nominal GDP.
• B)nominal GDP divided by real GDP,multiplied by 100.
• C)nominal GDP divided by real GDP.
• D)real GDP divided by nominal GDP,multiplied by 100.

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Definitions:

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An auction format where the item for sale has a value that is essentially the same for all bidders, but the bidders may have different information about that value.

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Auctions where bids are made verbally, allowing for real-time, competitive bidding among participants.

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The act of making previously unknown or secret information known to others.

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Auctions in which the item for sale has a single, unknown value to all bidders, leading to challenges in valuing the item correctly.