In 2011 a Country Had a Real GDP of $13

question 30

Short Answer

In 2011 a country had a real GDP of $13.89 trillion and GDP deflator of 110. In 2012 it had a nominal GDP of $17.8 trillion and real GDP of 14.24 trillion. What is the rate of inflation in 2012?

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Definitions:

Office Equipment

refers to the various tools, machines, and devices used within an office setting to facilitate work processes, including computers, printers, copiers, and telephones.

Expert Power

Authority or influence wielded over others based on perceived knowledge, skills, or expertise in a specific area.

Civil Engineer

A professional engineer who designs, constructs, and maintains the physical and naturally built environment, including works like roads, bridges, canals, dams, and buildings.

Suspension Bridge

A type of bridge in which the deck (the load-bearing portion) is hung below suspension cables on vertical suspenders.