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Nominal GDP Increased from $15

Question 139

Multiple Choice

Nominal GDP increased from $15.62 trillion to $16.09 trillion,and the price level increased from 120.0 to 122.4.The rate of inflation was: (Round to the nearest first decimal.)


A) 3.0%.
B) 1.0%.
C) 2.4%.
D) 20.0%.
E) 2.0%.

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