Using the Information in the Following Table,calculate the Rate of Increase

question 5

Essay

Using the information in the following table,calculate the rate of increase in the price level from 2017 to 2018.Use the percentage change in the GDP deflator.
$$\begin{array} { | l | c | c | } \hline & \mathbf { 2 0 1 7 } & \mathbf { 2 0 1 8 } \\\hline \text { Nominal GDP } & \$ 10000 & \$ 15000 \\\hline \text { Real GDP } & \$ 9500 & \$ 10500 \\\hline\end{array}$$ _____________________________________________________________________________________________
_____________________________________________________________________________________________

---

Definitions:

Visual Cues to Emotion

Non-verbal signals such as facial expressions and body language that convey someone's emotional state.

Expressive Emotions

Emotional expressions that are communicated to others through facial expressions, gestures, and vocal tones.

Ambiguous Emotion

Feelings that do not have a clear or definite interpretation or expression.

Concealed Information Tests

A psychological assessment method used to determine if an individual is hiding knowledge or information related to a specific event or topic.