If the GDP Deflator Is 100 This Year

question 112

Multiple Choice

If the GDP deflator is 100 this year,

• A)there has been no inflation during the year
• B)the price level is the same as it was in the base year
• C)the price level is one hundred times what it was in the base year
• D)the price level is double what it was in the base year
• E)the inflation rate has been 100 percent per year since the base year

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Definitions:

2-Methyl-2-Octene

An organic compound characterized by an eight-carbon chain with a double bond between carbon numbers 2 and 3, and a methyl group attached to the second carbon.

2-Methyloctan-3-Ol

A chemical compound, specifically an alcohol, that is derived by adding a methyl group and a hydroxyl group to an octane chain.

Hydroboration/Oxidation

A two-step organic reaction that converts alkenes into alcohols through a hydroboration step followed by oxidation.

Aqueous Acid

An acid that is dissolved in water, producing hydrogen ions and leading to a pH less than 7.