Under What Circumstances Would the GDP Deflator Be Less Than

question 169

Multiple Choice

Under what circumstances would the GDP deflator be less than 100 after the base year?

• A)The GDP deflator will be less than 100 if there has been inflation relative to the base year.
• B)The GDP deflator will be less than 100 if there has been inflation of less than 2% per year relative to the base year.
• C)The GDP deflator will be less than 100 if there has been deflation relative to the base year.
• D)The GDP deflator will be less than 100 if there has been a recession since the base year.
• E)There are no circumstances under which the GDP deflator could be less than 100.

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Definitions:

Performance

The act of executing a task or function, or the process of performing; often measured against preset known standards of accuracy, completeness, speed, and efficiency.

Race

A social construct used to categorize humans into large and distinct populations or groups by heritable physical characteristics, geographical ancestry, culture, history, and language.

Gender

Pertains to the social, cultural, and personal traits and roles associated with being male or female, going beyond the biological differences.

Age Bias

Prejudice or discrimination against individuals based solely on their age, typically against older or younger people in the workplace or society.