The country of Myrule has produced the following quantity of gauges and potatoes,with the price of each listed in dollar terms.
(a)Using Year 1 as the base year,what is the growth rate of real GDP from Year 1 to Year 2?
(b)Based on the GDP deflator,what is the inflation rate from Year 1 to Year 2?
Definitions:
Margaret Fuller
An American journalist, critic, and women's rights advocate associated with the transcendentalist movement, known for her works advocating for equality and education for women.
New York Tribune
A historic American newspaper established by Horace Greeley in 1841, known for advocating social reforms and abolitionism.
Seneca Falls
The location of the first women's rights convention held in 1848, marking the start of the women's suffrage movement in the United States.
Angelina Grimké
A 19th-century American abolitionist and women's rights advocate known for her writing and speeches attacking slavery and promoting human equality.
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