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Consider the economy of Moria with the nominal and real GDP described in the table below. 2012 2112 1712 Nominal GDP Real GDP 2010

Consider the economy of Moria with the nominal and real GDP described in the table below. 2012 2112 1712 Nominal GDP Real GDP 2010 1250 1250 2011 1720 1470 What was the annual inflation rate in 2012, using the GDP deflator as your price index?

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