Question

If a country's nominal gdp grew at 10%,population grew at 2% and the real per capita income grew at 5%,then inflation rate is

Answer 1

Explanation:

agricultural

India is an agricultural country. The Indian economy is basically agrarian. In spite of economic development and industrialization, agriculture is the backbone of the Indian economy. As Mahatma Gandhi said, “India lives in villages and agriculture is the soul of Indian economy”.