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the gdp deflator in year 2 is 110 and the gdp deflator in year 3 is 118. the rate of inflation between years 2 and 3 is
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34 votes
34 votes
the gdp deflator in year 2 is 110 and the gdp deflator in year 3 is 118. the rate of inflation between years 2 and 3 is

User Mauvm
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1 Answer

18 votes
18 votes

Answer:

7.3%

Step-by-step explanation:

Inflation Rate between years 2 and 3 = ((GDP Deflator in Year 3 - GDP Deflator in Year 2) / GDP Deflator in Year 2) * 100 = ((118 - 110) / 110) * 100 = 7.2727%

User Cdignam
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