In the Base Year,the GDP Deflator Is Always

question 51

Multiple Choice

In the base year,the GDP deflator is always

• A)-1.
• B)0.
• C)1.
• D)100.

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Definitions:

Rent Seeking

The practice of individuals or entities seeking to gain additional wealth without any contribution to productivity, typically through manipulation or exploitation of the economic environment.

Government

A system or group of people governing an organized community, often a state.

Special Benefits

Advantages or conveniences granted to a particular group or individual, often unique to their circumstances or status.

Society

A structured community of people bound together by similar traditions, institutions, or nationality.