An Increase in the Price Level of 5 Per Cent

question 167

Multiple Choice

An increase in the price level of 5 per cent between 2008 and 2009 would be implied by a change in the GDP deflator from ________ in 2008 to ________ in 2009.

• A) 105; 115
• B) 200; 205
• C) 400; 420
• D) 375; 390

---

Definitions:

Order Of A Court

A directive issued by a judge or a court that requires parties to do or not do something.

Formal Procedures

Established methods and protocols prescribed by an organization or system, often legal or governmental, for carrying out activities or resolving disputes.

Formally Approved

Officially sanctioned or authorized by a recognized authority.

Illegitimate Children

Children born to parents not legally married to each other, affecting their legal rights and status in some jurisdictions.