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On January 1,2001,the GDP Deflator for Old York Was 300,and

Question 9

Multiple Choice

On January 1,2001,the GDP deflator for Old York was 300,and on January 1,2003,the GDP deflator had risen to 330.75.Based on this information,the annual average inflation rate for the two years was


A) 5%.
B) 5.125%.
C) 10%.
D) 10.25%.

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