Year 1 2 3 Nominal GDP 4531 4664 Use the information above, calculate X. GDP Deflator 113 Real GDP 4558 GDP Deflator Inflation Rate (%) 5 0 X

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
Problem 12CQ
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Question
Year
1
2
3
Nominal GDP
4531
4664
Use the information above, calculate X.
GDP Deflator
113
Real GDP
4558
GDP Deflator Inflation:
Rate (%)
5
0
X
Transcribed Image Text:Year 1 2 3 Nominal GDP 4531 4664 Use the information above, calculate X. GDP Deflator 113 Real GDP 4558 GDP Deflator Inflation: Rate (%) 5 0 X
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