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Question
Consider the following information on GDP and CPI for an economy over the last 3 years. Calculate nominal GDP growth for 2012.
A. 2.15%
B. 2.56%
C. 2.95%
D. 3.15%
E. 3.32%
Answer
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An analyst gathered the following year-end price level data for an economy. What is the economy's annual inflation rate for 2012?A. 3.22%B. 3.42%C. 3.68%D. 3.87%E. 3.92%
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