What is the inflation rate from 2009 to 2010

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Reference no: EM13221121

| 2009 | 2010 | Quantity of money | $400 | $408 | Velocity of money | 20 | 20 | Price level | $10.00 | $10.20 | Quantity of output | 800 | 800 | In 2009, the nominal GDP was $8,000, where as in 2010, nominal GDP is $8,160. The money supply grew at a rate of 2.0% from 2009 to 2010. What is the inflation rate from 2009 to 2010

Reference no: EM13221121

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