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”.

Answer rating: 100% (QA)

Inflation Rate between 2015 and 2016 GDP ... View the full answer