Question
(how do we get the answer 5%?) On January 1, 2001, the GDP deflator for Old York was 300, and on January 1, 2003, the
(how do we get the answer 5%?) On January 1, 2001, the GDP deflator for Old York was 300, and on January 1, 2003,
the GDP deflator had risen to 330.75. Based on this information, the annual average
inflation rate for the two years was ___?
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Principles of Microeconomics
Authors: N. Gregory Mankiw
8th edition
1305971493, 978-1305971493
