Suppose that nominal GDP growth is 3.5% and real GDP growth is 3.3%. What is (approximately) the inflation rate? (Submit your answer with up to two decimals, i.e., 10.22 for 10.22% and 11.44 for 11.442%.) Hint it may be useful to think of Nominal GDP as being equal to P multiplied by Y, where P is the price index and Y is real GDP. QUESTION 4 If output grows by 21.6% over 7 years, what is the annualized (or annual) growth rate? Write the answer in percent terms with up to two decimais (0.9.10.22 for 10.22%, or 2.33 for 2.33%) QUESTION 5 If the intation rate botween year 1 and year 2 is 7% and the inflation rate between year 2 and year 3 is 10%, what is the exact total inflation rate between year 1 and year 3 ? Write the answer in percent torms with up to two decimals (e.g. 10.22 for 10:22%, or 2.33 for 2.33%)