If we look at inflation as measured by the GDP deflator from 1947 to 2012, we see that
A)inflation was much higher in 1951 than in 1981
B)inflation was at its highest in 1975
C)inflation was at its lowest in 1991
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

According to the GDP deflator data from 1947 to 2012, inflation was highest in 1951, with a value of 17.9. In comparison, inflation was 10.4 in 1981. Therefore, option A is correct. Option B is incorrect because the highest inflation was in 1951, not 1975. Option C is also incorrect because inflation was lowest in 1951 instead of 1991. Option D and E are incorrect as well because only option A is correct.

If We Look at Inflation as Measured by the GDP