Suppose that between 2005 and 2006 GDP in Japan, measured using constant, year-2000 prices, grew at 1.9 percent, while GDP, measured using the prices in 2005 and 2006, grew at 3.8 percent. The inflation rate between 2005 and 2006 is_percent?

Suppose that between 2005 and 2006 GDP in Japan, measured using constant, year-2000 prices, grew at 1.9 percent, while GDP, measured using the prices in 2005 and 2006, grew at 3.8 percent. The inflation rate between 2005 and 2006 is_percent?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Am. 17.

Suppose that between 2005 and 2006 GDP in Japan, measured using constant, year-2000 prices, grew at 1.9 percent,
while GDP, measured using the prices in 2005 and 2006, grew at 3.8 percent. The inflation rate between 2005 and 2006
is_percent?

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