If the GDP Deflator of a country in the year 2020 is 140.75 and in the year 2021 is 157.33, then what is the inflation rate in the year 2021?
CA Foundation · Business Economics · PYQS · September 2024
If the GDP Deflator of a country in the year 2020 is 140.75 and in the year 2021 is 157.33, then what is the inflation rate in the year 2021?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. 11.78%
Topics: Money Market, Determination of National Income