The data below show data for Germany including real GDP in billions of euros) and the price level.
$$\begin{array} { | l | l | l | }
\hline & \text { Real GDP } & \text { Price Level } \
\hline 2002 & 2088 & 102.6 \
\hline 2003 & 2083 & 103.6 \
\hline 2004 & 2105 & 106 \
\hline 2005 & 2121 & 108.2 \
\hline 2006 & 2182 & 109.7 \
\hline 2007 & 2237 & 109.5 \
\hline
\end{array}$$
In which of the following years) did Germany experience inflation?

Question

The data below show data for Germany including real GDP in billions of euros) and the price level.
$$\begin{array} { | l | l | l | } 
\hline & \text { Real GDP } & \text { Price Level } \
\hline 2002 & 2088 & 102.6 \
\hline 2003 & 2083 & 103.6 \
\hline 2004 & 2105 & 106 \
\hline 2005 & 2121 & 108.2 \
\hline 2006 & 2182 & 109.7 \
\hline 2007 & 2237 & 109.5 \
\hline
\end{array}$$
In which of the following years) did Germany experience inflation?

Quizplus · Accepted Answer

Inflation is indicated by an increase in the price level. The price level increased each year from 2002 to 2006, indicating inflation during those years.

The Data Below Show Data for Germany Including Real GDP