Question: Using the information from the previous problem, calculate the inflation rates and approximate real GDP growth rates for 2011 and 2012. Previous problem Consider the

Using the information from the previous problem, calculate the inflation rates and approximate real GDP growth rates for 2011 and 2012.

Previous problem

Consider the following information on GDP and CPI for an economy over the last three years:

GDP ($ billions) CPI

2010 .............. 125.4 ............ 105.3

2011 .............. 136.1 ............ 106.1

2012 ............. 138.2 ............. 106.4

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