The GDP Deflator in Year 2 Is 110 and the GDP

question 41

Multiple Choice

The GDP deflator in year 2 is 110 and the GDP deflator in year 3 is 118. The rate of inflation between years 2 and 3 is

• A) 4.55%.
• B) 7.27%.
• C) 8%.
• D) 18%.

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Definitions:

Heterotrophic

An organism that cannot synthesize its own food and is dependent on complex organic substances for nutrition.

Photosynthetic

Pertaining to the process by which green plants, algae, and some bacteria convert light energy into chemical energy.

Class Level

A category or group within a taxonomy or classification system, used in various fields including biology, where it indicates a rank or level of organization among organisms.

Classification

The systematic arrangement of living organisms into categories based on shared characteristics and evolutionary relationships.