If the Nominal GDP Was Reported at $122

question 55

Multiple Choice

If the nominal GDP was reported at $122.3 billion and real GDP was reported at $120.1 billion,what was the inflation rate for the period?

• A) 1.59%
• B) 1.83%
• C) 2.32%
• D) 2.62%
• E) 2.88%

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Definitions:

Psychotherapy

A nonmedical process that helps individuals with psychological disorders recognize and overcome their problems.

Psychoanalysis

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