If GNP is $15$ % higher than last year's and the rate of inflation is $7$ %, production in the economy has grown by:

8

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7

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15

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2.1

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Solution

The correct option is A $8$ %
If GNP is $15$ % higher than last year's and the rate of inflation is $7$ % production in the economy has grown by $15$ % $- 7$ % $= 8$ %.

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If GNP is 15% higher than last year's and the rate of inflation is 7%, production in the economy has grown by:

The correct option is A 8%If GNP is 15% higher than last year's and the rate of inflation is 7% production in the economy has grown by 15% −7% =8%.

If GNP is $15$ % higher than last year's and the rate of inflation is $7$ %, production in the economy has grown by:

The correct option is A $8$ %
If GNP is $15$ % higher than last year's and the rate of inflation is $7$ % production in the economy has grown by $15$ % $- 7$ % $= 8$ %.