The GDP Deflator Is a Measure Ofthe Overall Change in Prices

question 120

Multiple Choice

The GDP deflator is a measure ofthe overall change in prices in an economy:

• A) using the ratio of nominal to real GDP.
• B) based on goods and services valued at constant prices.
• C) based on price-changes determined when output is held constant.
• D) using the ratio of real to nominal GDP.

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Definitions:

Passage

A section of text or a pathway through which something moves from one place to another.

Pharynx

The part of the throat behind the mouth and nasal cavity, leading to the esophagus and larynx, involved in breathing and swallowing.

Upper Respiratory Tract Infection

An infection in the upper part of the respiratory system, such as the throat, nose, and bronchi, often caused by viruses or bacteria.

Common Cold

A viral infection of the upper respiratory tract characterised by symptoms like sneezing, sore throat, and coughing.