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In 2012 a country had a real GDP $15.4 trillion and GDP deflator of 125. If that country's GDP deflator equals 115 in 2013, what is the rate of inflation in 2013?
Environmental Scanning
A process used by companies to monitor their external and internal environments to detect early signs of opportunities and threats that may influence future strategies.
Market Opportunities
Identifiable segments within a market where a company can focus its efforts to offer a product or service that meets a need, often through competitive advantage.
Recession
A phase of brief economic downturn characterized by decreased trade and manufacturing activity, typically recognized by a drop in Gross Domestic Product for two consecutive quarters.
GDP Declines
A decrease in the gross domestic product, indicating a contraction in a country's economic activity over a specific period.
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