We can conclude that there has been inflation since the base year if the GDP price index in the current year is _____.

A) 10
B) equal to zero
C) 20
D) greater than 100
E) negative

GDP Price Index

A measure that tracks changes in prices of all goods and services produced within a country and is used to calculate real GDP.

Base Year

A specific year chosen as a reference point for financial or economic data comparison over time.

Inflation

The speed at which prices for goods and services generally ascend, wearing away the power to purchase.