Business, 18.02.2020 00:06 keigleyhannah30

Suppose Hyperpolis’s GDP increases by 15%, and its inflation rate is 12%, while Superpolis’s GDP increases by 6%, and its inflation rate is 3%. Assuming the population in both countries remained constant, which economy grew faster?

a. Hyperpolis’s growth rate is larger
b. Superpolis’s growth rate is larger
c. Both economies grew at the same rate
d. It is not possible to determine which economy grew faster

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Suppose Hyperpolis’s GDP increases by 15%, and its inflation rate is 12%, while Superpolis’s GDP inc...

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