Question
During a 1-year period, nominal GDP increases by 6% and real GDP increases by 2%. Based on these figures (and ignoring other considerations) calculate the
During a 1-year period, nominal GDP increases by 6% and real GDP increases by 2%. Based on these figures (and ignoring other considerations) calculate the rate of inflation during the period?
4%
3%
2%
8%
No need explanation
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International financial management
Authors: Jeff Madura
12th edition
1133947832, 978-1305195011, 978-1133947837
