(Table) According to the table, the GDP deflator for 2012 is
A) 0.
B) 1.
C) 72.8.
D) 100.

Question

(Table) According to the table, the GDP deflator for 2012 is 
A) 0. 
B) 1. 
C) 72.8. 
D) 100.

Quizplus · Accepted Answer

The GDP deflator measures the increase in prices of all goods and services produced in a country. It is usually expressed as a percentage. A deflator of 100 indicates no change in prices since the base year. Therefore, the correct answer is D, as a deflator of 100 indicates that there has been no change in prices since the base year, which would be 2012 in this case.

(Table) According to the Table, the GDP Deflator for 2012