21 Macroeconomic Information for Mexico:2020 Q2 GDP (in 2020 Q2 pesos)4.97 trillion pesos2020 Q1 GDP (in 2020 Q1 pesos)6.09 trillion pesos2020 Q2 GDP (in 2015 pesos)3.76 trillion pesos2020 Q1 GDP (in 2015 pesos)4.54 trillion pesos Calculate Mexico's inflation, using the GDP deflator method, between the first and second quarters of 2020. (Enter your answer in percent form, rounded to one decimal place, without the percent sign. For example, if your answer is 0.12345, enter 12.3.)

Answered: Calculate Mexico's inflation, using the…

ENGR.ECONOMIC ANALYSIS

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21 Macroeconomic Information for Mexico:

2020 Q2 GDP (in 2020 Q2 pesos)	4.97 trillion pesos
2020 Q1 GDP (in 2020 Q1 pesos)	6.09 trillion pesos
2020 Q2 GDP (in 2015 pesos)	3.76 trillion pesos
2020 Q1 GDP (in 2015 pesos)	4.54 trillion pesos

Calculate Mexico's inflation, using the GDP deflator method, between the first and second quarters of 2020.

(Enter your answer in percent form, rounded to one decimal place, without the percent sign. For example, if your answer is 0.12345, enter 12.3.)

Expert Solution

Step 1

GDP-deflator is a concept in macroeconomics. GDP-deflator is the factor which is used to rule out the inflationary effect from the nominal GDP. GDP-deflator is calculated using the following formulae:

$G D P D e f l a t o r = \frac{N o m i n a l G D P}{R e a l G D P} \times 100$

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