483,844 views
22 votes
22 votes
Suppose Hyperpolis’s GDP increases by 15%, and its inflation rate is 12%, while Superpolis’s GDP increases by 6%, and its inflation rate is 3%. Assuming the population in both countries remained constant, which economy grew faster?

Superpolis’s economy grew faster.

It is not possible to determine which economy grew faster.

Both economies grew at the same rate.

Hyperpolis’s economy grew faster.

User Dereleased
by
2.4k points

1 Answer

23 votes
23 votes
Both economies grew at the same rate
Suppose Hyperpolis’s GDP increases by 15%, and its inflation rate is 12%, while Superpolis-example-1
User Blowsie
by
2.5k points