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In 2010 a country had nominal GDP of 6 trillion euro and real GDP of 5 trillion euro. In 2011 it had nominal GDP of 6.5 trillion euro and real GDP of 5.2 trillion euro. What was its inflation rate in 2011? Show your work.
Foreign Currency
Currency used in a country other than one’s own, involving the exchange of currencies in international trade or investment.
Exchange Rate
The price of one country's currency in terms of another currency.
Put Option
A financial contract giving the buyer the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specific time.
Strike Price
A term synonymously used with Exercise Price, indicating the fixed price at which an option holder can buy or sell the underlying asset.
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