Is it possible to have a GDP deflator of less than 100?
A. Yes, it would indicate a year when prices were lower than in the base year.
B. Yes, it would indicate a year when output was lower than in the base year.
C. No, that is mathematically impossible for the deflator to be less than 100.
D. Yes, it would indicate a year when prices were lower than in the previous year.
A. Yes, it would indicate a year when prices were lower than in the base year.
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The federal budget surplus recorded in 1998 resulted from a(n): a. decrease in taxes and rapid growth in federal outlays. b. increase in taxes and sluggish growth in federal outlays. c. decrease in taxes and a decrease in federal outlays
d. increase in federal outlays and taxes. e. increase in export earnings and decrease in import bills.
In a "right-to-work" state, employees cannot be required to join a union as a condition of employment.
Answer the following statement true (T) or false (F)