Question 2The GDP deflator in year 4 is 120 and the GDP deflator in year 5 is 130. The rate of inflation between years 4 and 5 isO -10%.O 7.7%.O 8.33%.O 10%.

In given we have to find the rate of inflay between years 4 and 5 ?

Answered: The GDP deflator in year 4 is 120 and…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please select the correct awnsers to following question, please bear in mind that there can be multiple awnser which are correct. Please see attached pictures for questions
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The GDP deflator in year 4 is 120 and the GDP deflator in year 5 is 130. The rate of inflation between years 4 and 5 is O -10%. O 7.7%. O 8.33%. O 10%.