The table below contains data for a country. The base year is 2006.

-Refer to the above table.From 2017 to 2018,inflation is ________ and output ________.
A) 3.4 percent; grew
B) 18 percent; grew
C) 2.5 percent; grew
D) 3.5 percent; did not grow

Question

The table below contains data for a country. The base year is 2006.
 
-Refer to the above table.From 2017 to 2018,inflation is ________ and output ________.
A) 3.4 percent; grew 
B) 18 percent; grew 
C) 2.5 percent; grew 
D) 3.5 percent; did not grow

Quizplus · Accepted Answer

To find the inflation rate from 2017 to 2018, we need to calculate the percentage increase in the GDP deflator index.

Inflation rate from 2017 to 2018 = ((126.5 - 123.4)/123.4)*100 = 2.51%

The output grew from 2017 to 2018 as the real GDP increased from $934.6 billion in 2017 to $963.2 billion in 2018.

The Table Below Contains Data for a Country