-Refer to the Information Above to Answer This Question

question 27

Multiple Choice

-Refer to the information above to answer this question.What is the value of the GDP deflator in 2015?

• A)0
• B)100.0
• C)104.8
• D)108.0
• E)Cannot be determined from the information

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Definitions:

Foreign Currency

Currency used in a country other than one’s own, representing a medium of exchange for goods and services in that foreign country.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price over a specific period.

Direct Quote

A foreign exchange rate quoted as the domestic currency per unit of a foreign currency.

Forward Contract

A non-standardized agreement between two parties to buy or sell an asset at a specified future date at a price agreed upon today.