The GDP Deflator Is the Ratio of Real to Nominal

question 116

True/False

The GDP deflator is the ratio of real to nominal GDP (multiplied by 100).

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Definitions:

Polygamy

Expands the nuclear family “horizontally” by adding one or more spouses (usually women) to the household.

Spouses

Individuals legally or socially united in marriage, partnering to navigate life’s endeavors together.

Marriage

Is a legally and socially sanctioned union, typically between two individuals, that is regulated by laws, customs, beliefs, and practices that confer rights and obligations to the partners.

Traditional Nuclear Family

A family structure comprising two parents (male and female) and their biological or adopted children, historically considered the societal norm.