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If Real Gross Domestic Product (GDP)grew by 4 Percent and Nominal

Question 64

Multiple Choice

If real gross domestic product (GDP) grew by 4 percent and nominal GDP grew by 3 percent,then the inflation rate was

A) 1 percent.
B) -1 percent.
C) 7 percent.
D) 12 percent.
E) 0 percent.

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