If the GDP Deflator Is 142,by How Much Have Prices

question 52

Multiple Choice

If the GDP deflator is 142,by how much have prices changed since the base year?

• A) Prices have increased by 42 per cent.
• B) Prices have increased by 142 per cent.
• C) Prices have decreased by 4.2 per cent.
• D) Prices have increased by 58 per cent.

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Definitions:

Cap-and-Trade

Cap-and-trade is an environmental policy tool that sets a limit (cap) on emissions and allows companies to buy and sell (trade) permits for those emissions, encouraging reductions where they are most cost-effective.

Pollution Control

The process of reducing or eliminating the release of pollutants into the environment, typically involving regulations and technologies designed to minimize environmental damage.

Optimal Pollution Control

The regulation of pollution to maximize social welfare by balancing the costs of pollution control against the benefits of reducing pollution.

Economists

Professionals who study how societies use scarce resources to produce valuable goods and services and distribute them among different people.