If the GDP Deflator Is Now 125,we May Conclude That

question 334

Multiple Choice

If the GDP deflator is now 125,we may conclude that since the base year prices have

• A)risen by 25 percent.
• B)risen by 125 percent.
• C)fallen by 25 percent.
• D)fallen by 125 percent.

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Definitions:

Cultural Relativists

Individuals or scholars who believe that the values and practices of a culture should be understood based on that culture's own context rather than judged against the criteria of another.

Ethical Subjectivists

Individuals who believe that moral judgments are based on personal feelings and opinions rather than objective facts.

Morality

A code of conduct that, given specified conditions, would be put forward by all rational persons.

Virtue Ethicist

A philosopher or ethicist who emphasizes virtues, or moral character, as the basis for ethical behavior.