The GDP Deflator Is Equal to

question 242

Multiple Choice

The GDP deflator is equal to

• A)real GDP divided by nominal GDP.
• B)nominal GDP divided by real GDP,multiplied by 100.
• C)nominal GDP divided by real GDP.
• D)real GDP divided by nominal GDP,multiplied by 100.

---

Definitions:

Labour Standards

The criteria or guidelines that define acceptable working conditions, including hours of work, safety, wages, and benefits.

Predetermined Time Standards

Time values assigned to specific tasks based on prior analysis, often used in manufacturing and work measurement to establish time expectations.

Government Laws

Regulations and legal requirements established by local, state, and federal governments that businesses must comply with.

Reliable And Accurate

Describes information, processes, or systems that consistently produce the intended results and are free from errors.