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The table below displays an economy that produces only twogoods: rubber ducks and laptop chargers for the years 2015 and2016. Using the GDP-deflator, the inflation

The table below displays an economy that produces only twogoods: rubber ducks and laptop chargers for the years 2015 and2016. Using the GDP-deflator, the inflation rate between 2015 and2016 is approximately equal to

2015

price./quantity

2016

price/quantity

rubber ducks$2 / 3,000$3 / 2,000
laptops$10 / 4,000$11.50 / 3,000

13.58%

1.358%

19.12%

1.912%

100%

1%

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