Question

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?
Superpolis’s economy grew faster.

It is not possible to determine which economy grew faster.

Both economies grew at the same rate.

Hyperpolis’s economy grew faster.

Answer 1

Both economies grew at the same rate