The GDP Deflator Is the Ratio of

question 94

Multiple Choice

The GDP deflator is the ratio of

• A)real GDP to nominal GDP multiplied by 100.
• B)real GDP to the inflation rate multiplied by 100.
• C)nominal GDP to real GDP multiplied by 100.
• D)nominal GDP to the inflation rate multiplied by 100.

---

Definitions:

Least-Squares Regression

A statistical method used to determine the line of best fit by minimizing the sum of the squares of the differences between observed values and those predicted by the line.

Scattergraph

A graphical representation that plots individual data points, often used to identify trends or correlations in data analysis.

Least Square Regression

A statistical method used to determine the line of best fit by minimizing the squared differences between observed values and the values predicted by the line.

Independent Variable

A variable in an experiment or model that is manipulated or changed to assess its effects on a dependent variable.