Between 2015 and 2016, the country of East Carrolton experienced a growth rate of -1.4%. If...
Between 2015 and 2016, the country of East Carrolton experienced
a growth rate of -1.4%. If nominal GDP had increased by 1.3% and
the population growth was recorded as 0.8%, then calculate the
annual inflation rate in East Carrolton.
%
Homework Answers
Annual inflation rate = Growth rate of GDP - Population growth - growth rate
= 1.3% - 0.8% - (-1.4%)
= 1.9%
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