Question
a. If nominal GDP was reported at $134.9 billion and real GDP was reported at $131.8 billion, what was the inflation rate for the period?
a. If nominal GDP was reported at $134.9 billion and real GDP was reported at $131.8 billion, what was the inflation rate for the period?
b. If nominal GDP was reported at $1,442.68 billion and inflation was 6.0 percent, what is the level of real GDP for the period?
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Finance And The Behavioral Prospect
Authors: James Ming Chen
1st Edition
331981351X, 978-3319813516
