The GDP Deflator Is the Ratio of

question 94

Multiple Choice

The GDP deflator is the ratio of

• A)real GDP to nominal GDP multiplied by 100.
• B)real GDP to the inflation rate multiplied by 100.
• C)nominal GDP to real GDP multiplied by 100.
• D)nominal GDP to the inflation rate multiplied by 100.

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Definitions:

Probability

A numerical expression between 0 and 1 that indicates how probable an event is to take place.

Acceptance Sampling

A statistical quality control method that determines whether to accept or reject a batch of products based on a sample taken from the batch.

Defectives

Items or units that fail to meet the quality criteria set for them and are therefore considered unacceptable for use.

Probability

The branch of mathematics concerned with the analysis and interpretation of numerical data based on the likelihood of different outcomes.