Question
1. In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3 percent per year, the money stock grows by
1.In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3 percent per year, the money stock grows by 8 percent per year, and the nominal interest rate is 9 percent. Find the following
a.the growth rate of nominal GDP?
b.the inflation rate?
c.the real interest rate?
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A Textbook Of Mathematical Economics
Authors: Dr Chandrakant Singh
1st Edition
9353140986, 9789353140984
