Answer the following questions using the table you have just completed. Year Quantity of bananas Price of
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Question:
Answer the following questions using the table you have just completed.
Year | Quantity of bananas | Price of bananas ($) | Quantity of sunscreen | Price of sunscreen ($) | Nominal GDP | Real GDP | GDP deflator |
2014 | 2 | 10 | 10 | 5 | 70 | 70 | 100 |
2015 | 5 | 8 | 10 | 5 | 90 | 100 | 90 |
2016 | 6 | 15 | 8 | 10 | 170 | 110 | 154,55 |
4) What is the inflation rate between 2015 and 2016? ( 3 points )
Note :
Round your result to the first two decimal places . For example, if your result is 15.7651, your answer will be "15.77"; if your result is 24.4851, your answer will be “24.49”.
Related Book For
Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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