Table 12-25
$$\begin{array} { | l | r | r | }
\hline &{ \mathbf { 2 0 1 2 } } &{ \mathbf { 2 0 1 3 } } \
\hline \text { Nominal GDP } & \$ 10,000 & \$ 15,000 \
\hline \text { Real GDP } & 9,500 & 10,500 \
\hline
\end{array}$$
-Refer to Table 12-25.Given the following information,calculate the rate of increase in the price level from 2012 to 2013.Use the percent change in the GDP deflator.

Question

Table 12-25
 $$\begin{array} { | l | r | r | } 
\hline &{ \mathbf { 2 0 1 2 } } &{ \mathbf { 2 0 1 3 } } \
\hline \text { Nominal GDP } & \$ 10,000 & \$ 15,000 \
\hline \text { Real GDP } & 9,500 & 10,500 \
\hline
\end{array}$$
-Refer to Table 12-25.Given the following information,calculate the rate of increase in the price level from 2012 to 2013.Use the percent change in the GDP deflator.

Quizplus · Accepted Answer

The Answer of Table 12-25
 $$\begin{array} { | l | r | r | } 
\hline &{ \mathbf { 2 0 1 2 } } &{ \mathbf { 2 0 1 3 } } \
\hline \text { Nominal GDP } & \$ 10,000 & \$ 15,000 \
\hline \text { Real GDP } & 9,500 & 10,500 \
\hline
\end{array}$$
-Refer to Table 12-25.Given the following information,calculate the rate of increase in the price level from 2012 to 2013.Use the percent change in the GDP deflator.

Table 12-25 -Refer to Table 12-25