Assume the inflation rate in 2012 is 13 percent if the
Assume the inflation rate in 2012 is 1.3 percent. If the nominal GDP grew 3.5 percent and nominal wages grew 2.6 percent, what are the approximate real growth rates of GDP and wages?
2.00%; 0.80%
3.05%; 0.90%
2.10%; 1.10%
2.20%; 1.20%
2.20%; 1.30%
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assume the inflation rate in 2012 is 13 percent if the nominal gdp grew 35 percent and nominal wages grew 26 percent
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