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Suppose that the GDP deflator grew by 10 percent from last year to this year. That is, the inflation rate this year was 10 percent This means that overall: real GDP in the economy has risen by 10 percent. output in the economy rose by 10 percent Oprices in the economy have risen by 10 percent. O real GDP and prices both rose by 10 percent This inflation rate implies that the growth rate in real GDP was 10 percent: less than the growth rate in inflation. less than the growth rate in nominal GDP. more than the growth rate in nominal GDP. more than the growth rate in inflation.

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