Use the following information about GDP deflators for the next 2 questions.
2009: 138
2010: 147
2011: 158
1.
What is the inflation rate for 2010? (growth rate of the GDP deflator from 2009 - 2010)
Hint: enter your answer without a % sign and round to two decimal places
Example: if the answer is 8.94486654%, enter 8.94
2.
What is the inflation rate for 2011? (growth rate of the GDP deflator from 2010 - 2011)
Hint: enter your answer without a % sign and round to two decimal places
Example: if the answer is 8.94486654%, enter 8.94
Ans. 1 The inflation rate for 2010 = GDP Deflator 2010 - GDP Deflator2009/ GDP Deflator 2009 x 100
= 147 - 138 /138 x 100
= 6.52
Ans. 2 The inflation rate for 2011 = GDP Deflator 2011 - GDP Deflator 2010/ GDP Deflator 2010 x 100
= 158 -147 / 147 x 100
= 7.48
Use the following information about GDP deflators for the next 2 questions. 2009: 138 2010: 147...