In the country of wiknam the velocity of money is constant, Ask an Expert

Economics

In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3% per year, the money stock grows by 8% per year, and the nominal interest rate is 9%. What is:

a) the growth rate of nominal GDP?

b) the inflation rate?

c) the real interest rate?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91721100

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