Answer:
GDP Price Deflator
Explanation:
GDP price deflator is a measure of the general changes in the price level of all the finished goods and services in a country in a period. While GDP is a measure of the total output in an economy, the GDP price deflator shows the extent to which prices changed in a period. In proving the effects of price changes, the GDP deflator identifies a base year then compares the current prices to base year prices.
The GDP price deflator allows economists to compare the GDP of different periods while considering the inflation between those periods. It does this by comparing the nominal GDP with the real GDP.
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Answer:
Benchmark.
Explanation:
In this scenario, Mr. and Mrs. Smith were interested in purchasing a vacant lot. However, they first wanted the property surveyed. When the surveyor came out to measure the property he began measuring from the iron spike embedded in the middle of the street. In this case, the iron spike would be known as benchmark.
In real estate, benchmark can be defined as an indicator which is used by individuals or group of developers to measure and define properties such as a land. Iron spikes and wood stakes could be used as a benchmark for indicating ownership or measurement of a property.
A. Little or no feedback because the manager wants to know a little bit of feedback so they know what to do
