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In 2010 a Country Had Nominal GDP of 6 Trillion

Question 137

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In 2010 a country had nominal GDP of 6 trillion euro and real GDP of 5 trillion euro. In 2011 it had nominal GDP of 6.5 trillion euro and real GDP of 5.2 trillion euro. What was its inflation rate in 2011? Show your work.

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The GDP deflator for 2010 was ...

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