Considering the data given in the table below calculate the Inflation rate of year 3: Year Nominal GDP Real GDP GDP Deflator 0 900 900 100 1 1200…
CA Foundation · Business Economics · PYQS · May 2025
Considering the data given in the table below calculate the Inflation rate of year 3: Year Nominal GDP Real GDP GDP Deflator 0 900 900 100 1 1200 1000 120 2 1500 1200 125 3 1800 1250 144 4 2000 1600 125
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. 15.20%
Topics: Determination of National Income
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