Table 19-25 -Refer to Table 19-25

question 111

Essay

Table 19-25
$$\begin{array} { | l | r | r | } \hline & { \mathbf { 2 0 1 5 } } & { \mathbf { 2 0 1 6 } } \\\hline \text { Nominal GDP } & \$ 10,000 & \$ 15,000 \\\hline \text { Real GDP } & 9,500 & 10,500 \\\hline\end{array}$$
-Refer to Table 19-25.Given the following information,calculate the rate of increase in the price level from 2015 to 2016.Use the percent change in the GDP deflator.

---

Definitions:

Duties And Responsibilities

The tasks and functions an individual or organization is obligated to perform to ensure the successful operation of their role or business.

Job Description

A document that outlines the key responsibilities, duties, qualifications, and skills required for a specific role within an organization.

Tasks

Specific duties or pieces of work assigned to or expected to be completed by someone.

Synergy

The enhanced effect achieved when multiple elements, individuals, or organizations work together, surpassing the sum of their individual effects.