If the GDP Deflator Is 100 This Year

Multiple Choice

If the GDP deflator is 100 this year,

A) there has been no inflation during the year
B) the price level is the same as it was in the base year
C) the price level is one hundred times what it was in the base year
D) the price level is double what it was in the base year
E) the inflation rate has been 100 percent per year since the base year