MAY 2025Foundation
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
A
(A) 13.19%
B
(B) 15.20%
C
(C) 19%
D
(D) -19%