A GDP Price Index of 100 for a Year Implies

question 86

Multiple Choice

A GDP price index of 100 for a year implies that:

• A)there has been no inflation during the year.
• B)the price level is three times what it was in the base year.
• C)the price level is one hundred times what it was in the base year.
• D)the price level is double what it was in the base year.
• E)the inflation rate has been 100 percent per year since the base year.

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Definitions:

Depression

A dilemma of mental health displayed by a consistent state of sadness or an unenthusiastic attitude towards activities, markedly disrupting daily living standards.

Bipolar Disorder

Bipolar disorder is a mental health condition marked by extreme mood swings, including emotional highs (mania or hypomania) and lows (depression).

Major Depressive Disorder

A clinical condition characterized by persistent sadness, lack of interest in activities, and other symptoms that interfere with daily functioning.

Serotonin And Norepinephrine

Neurotransmitters involved in regulating mood, anxiety, happiness, and alertness, often targeted by certain medications to treat depression and other mood disorders.