The GDP Deflator Is a Measure of the Price Level

question 250

True/False

The GDP deflator is a measure of the price level which is calculated as nominal GDP divided by real GDP and multiplied by 100.

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Definitions:

Intersectionality

A framework for understanding how various forms of social identity (race, gender, class, etc.) interact to create unique modes of discrimination and privilege.

Multi-dimensionality

The quality or state of having multiple layers, aspects, or factors.

Ambiguous Genitalia

A condition present at birth where the outer genitals do not have the typical appearance of either a boy's or a girl's genitals.

Intersexed

A term referring to individuals born with physical sex characteristics that do not fit typical definitions of male or female.