Question: [3 marks] From 2018 to 2019, real GDP increased from 200 to 275. The population increased by 10%, while the GDP deflator increased by 20%.

[3 marks] From 2018 to 2019, real GDP increased from 200 to 275. The population increased by 10%, while the GDP deflator increased by 20%. What was the growth rate in real GDP per capita? [3 marks] The nominal interest rate is 6% and the expected rate of inflation is 2.5%. If the actual rate of inflation is 1.5%, what is the real interest rate (approximately)? A. 1.5% B. 2.0% C. 3.5% D. 4.5% E. 6.0%

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