This is an economics question. It states:
Using the following information, compute the inflation rate (rate in change in prices) between the first quarter of 2006 and the first quarter of 2007. Data in billions of dollars.
Year 2006:
Nominal Output: $13,008.4
Real Output: $11,316.4
Year 2007:
Nominal Output: $13,620.2
Real Output: $11,532.8
Someone please help if you kow anything about this.
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