The GDP Deflator Reflects the

question 34

Multiple Choice

The GDP deflator reflects the

• A)level of prices in the base year relative to the current level of prices.
• B)current level of prices relative to the level of prices in the base year.
• C)level of real output in the base year relative to the current level of real output.
• D)current level of real output relative to the level of real output in the base year.

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Definitions:

Competence

The ability of an individual or organization to effectively perform a job or task due to their knowledge, skills, and experience.

Positive Reinforcement

A strategy in behavior management that involves giving a reward or positive outcome after a desired behavior is performed, encouraging that behavior to be repeated.

Desirable Consequence

A positive outcome or result that is sought after or desired in a specific context.

Behaviour

Actions, reactions, or conduct of an individual or group in response to external or internal stimuli.