# Answer to Question #59585 in Macroeconomics for ali

Question #59585

Calculating CPI, real, and per capita terms.

Year: 2000, 2001, 2002.

Data: 847, 902, 911.

GDP ($B): 562, 607, 619.

Pop (m): 183, 201, 232.

Calculate inflation for 2001.

Year: 2000, 2001, 2002.

Data: 847, 902, 911.

GDP ($B): 562, 607, 619.

Pop (m): 183, 201, 232.

Calculate inflation for 2001.

Expert's answer

Inflation for 2001 can be calculated in such way: π(2001) = (Real GDP - Nominal GDP)/Nominal GDP*100% = (902 - 607)/607*100% = 48.6%.

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