If the GDP Deflator in 2009 Was 120 Compared to a Value

Multiple Choice

If the GDP deflator in 2009 was 120 compared to a value of 100 during the 2004 base year, this would indicate that

A) the inflation rate during 2009 was 20 percent.
B) the general level of prices during 2009 was 20 percent higher than during 2004.
C) the inflation rate during 2009 was 120 percent.
D) real GDP was 20 percent higher in 2009 than 2004.