In a specified year, nominal gross domestic product grew by 12 percent and real gross domestic product
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Question:
In a specified year, nominal gross domestic product grew by 12 percent and real gross domestic product grew by 5 percent.What would be the inflation rate for this year?
7%
-7%
8%
17%
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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