Question
In 2015 a country had nominal GDP of 12 trillion euros and real GDP of 4 trillion euros. In 2016 it had nominal GDP of
In 2015 a country had nominal GDP of 12 trillion euros and real GDP of 4 trillion euros. In 2016 it had nominal GDP of 18 trillion euros and real GDP of 2 trillion euros. What was is the percentage increase in prices or the inflation rate in 2016?
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Financial Accounting Making The Connection
Authors: J David Spiceland, Wayne Thomas, Don Herrmann
1st Edition
0077862260, 9780077862268
