Use this data on recent changes in Somalia's GDP deflator to determine which statement about Somalia during 2020 is true. Year Percentage Change in the GDP Deflator 2016 -0.85% 2017 -0.97% 2018 0.46% 2019 7.17% 2020 7.90% O Somalia's inflation rate increased between 2019 and 2020. O Somalia experienced disinflation in 2020. O Somalia experienced hyperinflation in 2020. O Somalia experienced deflation in 2020.
Use this data on recent changes in Somalia's GDP deflator to determine which statement about Somalia during 2020 is true. Year Percentage Change in the GDP Deflator 2016 -0.85% 2017 -0.97% 2018 0.46% 2019 7.17% 2020 7.90% O Somalia's inflation rate increased between 2019 and 2020. O Somalia experienced disinflation in 2020. O Somalia experienced hyperinflation in 2020. O Somalia experienced deflation in 2020.
Chapter8: Relationships Among Inflation, Interest Rates, And Exchange Rates
Section: Chapter Questions
Problem 18QA
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![Use this data on recent changes in Somalia's GDP deflator to determine which statement about Somalia during 2020 is true.
Year
Percentage Change in the GDP Deflator
2016
-0.85%
2017
-0.97%
2018
0.46%
2019
7.17%
2020
7.90%
O Somalia's inflation rate increased between 2019 and 2020.
O Somalia experienced disinflation in 2020.
O Somalia experienced hyperinflation in 2020.
O Somalia experienced deflation in 2020.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0468ba7b-e174-40e0-90ad-731ac641f291%2F6eb80230-1418-4201-8d81-decda1f26254%2F48zgsw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Use this data on recent changes in Somalia's GDP deflator to determine which statement about Somalia during 2020 is true.
Year
Percentage Change in the GDP Deflator
2016
-0.85%
2017
-0.97%
2018
0.46%
2019
7.17%
2020
7.90%
O Somalia's inflation rate increased between 2019 and 2020.
O Somalia experienced disinflation in 2020.
O Somalia experienced hyperinflation in 2020.
O Somalia experienced deflation in 2020.
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