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Over the last ten years, a fast-growing country (call it Neptune) had average annual inflation of 6% and its GDP per-capita grew 2% annually, while
Over the last ten years, a fast-growing country (call it Neptune) had average annual inflation of 6% and its GDP per-capita grew 2% annually, while another country (call it Mars) had annual inflation of 2% and its GDP per-capita did not grow. The currency of Neptune should have an average annual nominal depreciation of 4% vis a vis the currency of Mars. True, False, Uncertain
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