In 2012 a Country Had a Real GDP $15

question 215

Short Answer

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?

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Definitions:

Current Maturities

The portion of a long-term debt that is due to be paid within the next year.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty, often accounted for in financial planning.

Remote

Referring to work, operations, or processes conducted away from a central office or location, often facilitated by digital communication technology.

Contingent Liability

A potential financial obligation that may arise in the future, dependent on the outcome of a specific event.