The GDP Deflator Is the

question 50

Multiple Choice

The GDP deflator is the

• A)difference between real GDP and nominal GDP multiplied by 100.
• B)difference between nominal GDP and real GDP divided by 100.
• C)ratio of real GDP to nominal GDP multiplied by 100.
• D)ratio of nominal GDP to real GDP multiplied by 100.

---

Definitions:

FAB Selling Technique

A presentation technique stressing features, advantages, and benefits of a product.

Benefit Selling

A sales approach that focuses on communicating the benefits and value of a product or service to the customer, rather than just its features.

Customer Retention

Strategies and activities a business employs to keep its customers engaged and reduce customer turnovers.

Cognitive Dissonance

A psychological phenomenon that occurs when a person holds contradictory beliefs, ideas, or values, leading to psychological stress or discomfort.