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Let's assume that Nominal GDP in 2020 = 2 millions, Nominal GO in 2021 = 4 millions, Real GDP in 2020 = 2 millions,

 

Let's assume that Nominal GDP in 2020 = 2 millions, Nominal GO in 2021 = 4 millions, Real GDP in 2020 = 2 millions, Real GDP in 2021 = 1.8 millions. Find the price inflation from 2020 to 2021. 0 100% 222.22% 122.22% 1.22%

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