What is growth rate of nominal GDP and the inflation rate

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Reference no: EM131242573

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

a. the growth rate of nominal GDP?

b. the inflation rate?

c. the real interest rate?

Reference no: EM131242573

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