Which of the Following Is the Best Example of a Variable

question 1

Multiple Choice

Which of the following is the best example of a variable cost at an equestrian (horse riding) facility?

• A) rent on the buildings
• B) cost of registration forms
• C) salary of the horse trainer
• D) salary of the farm manager

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Definitions:

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy in a year, used to deflate or adjust GDP for inflation.

GDP Deflator

An indicator that measures the pricing of all new, domestically made, final goods and services in an economy.

Real GDP

The measure of a country's economic output adjusted for price changes, providing a more accurate view of an economy's size and growth.

Real GDP

A measure of a country's economic output adjusted for inflation, giving a more accurate view of an economy's size and how it's growing over time.