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stion 1 of 6 > Stacked Inflation-Work It Out: Question 1 In the country of Orcam, the velocity of money is constant. Real GDP

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stion 1 of 6 > Stacked Inflation-Work It Out: Question 1 In the country of Orcam, the velocity of money is constant. Real GDP grows by 5 percent per year, the money stock grows by 14 percent per year, and the nominal interest rate is 14 percent. Calculate the growth rate of nominal GDP a. Calculate the growth rate of nominal GDP. growth rate of nominal GDP: %

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