If the GDP Deflator Rises from 185 to 190,what Is

question 152

Multiple Choice

If the GDP deflator rises from 185 to 190,what is the rate of inflation between the two years?

• A)270%
• B)50%
• C)5%
• D)2.7%

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Definitions:

Writing Requirement

The legal necessity for certain contracts to be in writing in order to be enforceable, such as real estate transactions.

Reliance

Dependence or trust in something or someone for support or to fulfill needs.

Subdivision

The act of dividing land into plots or pieces that may be developed, sold, or otherwise used separately.

Statute of Frauds

A legal principle requiring certain types of contracts, such as those involving land, to be in writing and signed by all parties to be enforceable.