Suppose that nominal gdp in year 1 is 200 and nominal gdp
Suppose that nominal GDP in year 1 is 200 and nominal GDP in year 2 is 242. Assume that inflation is 10 percent per year. How fast did the economy grow between these two years?
A. 10 percent
B. 12 percent
C. 21 percent
D. 42 percent
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suppose that nominal gdp in year 1 is 200 and nominal gdp in year 2 is 242 assume that inflation is 10 percent per year
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