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Real GDP in 2015 is $100b and real GDP in 2016 is $110b. In 2016, nominal GDP grows by 3%. What can you say about

Real GDP in 2015 is $100b and real GDP in 2016 is $110b. In 2016, nominal GDP grows by 3%. What can you say about inflation rate?

a. Not enough information to say anything

b. Inflation is -7%

c. Inflation is constant

d. Inflation is 13%

e. Inflation is 10%

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