If the GDP Deflator Is Now 115,then We May Conclude

question 54

Multiple Choice

If the GDP deflator is now 115,then we may conclude that since the base year

• A)GDP has grown faster than real GDP.
• B)Real GDP has grown faster than GDP.
• C)GDP and real GDP have grown at about the same rate.
• D)There is no way to determine if GDP or real GDP grew faster.

Realize the significance of considering environmental and genetic factors in explaining intelligence differences.

Grasp the impact of enriched environments and early intervention programs on intellectual development.

Understand gender and racial differences in cognitive abilities and the social and biological explanations for those differences.

Understand the mechanisms through which funds are transferred between savers and users.

---

Definitions:

Retirement Savings Contributions Credit

A tax credit available to low and moderate-income individuals and families who contribute to qualified retirement savings accounts, aiming to encourage retirement savings.

Married Filing Joint

A tax filing status used by married couples who combine their income, exemptions, deductions, and credits on one tax return.

Lifetime Learning Credit

The Lifetime Learning Credit is a tax credit available in the United States for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution, intended to promote post-secondary education.

Per Taxpayer

Refers to allowances, deductions, or credits applied on an individual basis for each taxpayer.