1. Business
  2. Economics
  3. econ help suppose the gdp deflator is 136 in 2012...

Question: econ help suppose the gdp deflator is 136 in 2012...

Question details

Econ Help

Suppose the GDP deflator is 136 in 2012 and 157 in 2013, you know that the real interest rate is 3%, what is the nominal interest rate?

Select one:

a. 18.4%

b. 12.4%

c. 15.4%

d. -12.4%

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution