Nominal GDP Real GDP GDP Deflator 2015 9055 8675 2016 5678 4312 2017 6765 121.2 Using the above table, calculate the inflation rate between 2015 and 2017.
Nominal GDP Real GDP GDP Deflator 2015 9055 8675 2016 5678 4312 2017 6765 121.2 Using the above table, calculate the inflation rate between 2015 and 2017.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Nominal GDP
Real GDP
GDP Deflator
2015
9055
8675
2016
5678
4312
2017
6765
121.2
Using the above table, calculate the inflation rate between 2015 and 2017.
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