Table 12-25 -Refer to Table 12-25

Table 12-25
$$\begin{array} { | l | r | r | } \hline &{ \mathbf { 2 0 1 2 } } &{ \mathbf { 2 0 1 3 } } \\\hline \text { Nominal GDP } & \$ 10,000 & \$ 15,000 \\\hline \text { Real GDP } & 9,500 & 10,500 \\\hline\end{array}$$
-Refer to Table 12-25.Given the following information,calculate the rate of increase in the price level from 2012 to 2013.Use the percent change in the GDP deflator.

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