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    Principles of Economics Study Set 8
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    Exam 23: Measuring a Nations Income
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    In 2011 a Country Had a Real GDP of $13
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In 2011 a Country Had a Real GDP of $13

Question 30

Question 30

Short Answer

In 2011 a country had a real GDP of $13.89 trillion and GDP deflator of 110. In 2012 it had a nominal GDP of $17.8 trillion and real GDP of 14.24 trillion. What is the rate of inflation in 2012?

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