The GDP deflator in year 2 is 110 and the GDP deflator in year 3 is 118. The rate of inflation between years 2 and 3 is
A) 4.55%.
B) 7.27%.
C) 8%.
D) 18%.
Correct Answer:
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Q222: The GDP deflator in year 2 is
Q223: Refer to the information provided in Table
Q224: If nominal GDP is $8 trillion and
Q225: Refer to the information provided in Table
Q226: When GDP is measured using "adjustments for
Q228: The GDP deflator in year 2 is
Q229: If the GDP deflator is greater than
Q230: When GDP is measured in "current prices"
Q231: If real GDP in 2016 using 2015
Q232: Refer to the information provided in Table
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