Suppose that between 2005 and 2006 GDP in Japan, measured using constant, year-2000 prices, grew at 1.9 percent, while GDP, measured using the prices in 2005 and 2006, grew at 3.8 percent. The inflation rate between 2005 and 2006 is_percent?

Economics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Economic Fluctuations, Unemployment, And Inflation
Section: Chapter Questions
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Am. 17.

Suppose that between 2005 and 2006 GDP in Japan, measured using constant, year-2000 prices, grew at 1.9 percent,
while GDP, measured using the prices in 2005 and 2006, grew at 3.8 percent. The inflation rate between 2005 and 2006
is_percent?
Transcribed Image Text:Suppose that between 2005 and 2006 GDP in Japan, measured using constant, year-2000 prices, grew at 1.9 percent, while GDP, measured using the prices in 2005 and 2006, grew at 3.8 percent. The inflation rate between 2005 and 2006 is_percent?
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