Between 2015 and 2016, the country of South Dantoine experienced
a growth rate of -0.3%. If nominal GDP had increased by 3.8% and
the population growth was recorded as 0.8%, then calculate the
annual inflation rate in South Dantoine.
_______ %
Answer
Growth rate =nominal GDP growth - inflation - population growth
-0.3=3.8-inflation -0.8=3.8-0.8+inflation=3+inflation
inflation =3+0.3
=3.3%
the inflation is 3.3%
Between 2015 and 2016, the country of South Dantoine experienced a growth rate of -0.3%. If...
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