In section 8.5 of the textbook on the fiscal causes of high inflation, the government's budget constraint is given by  𝐺 = 𝑇 + Δ 𝐵 + Δ 𝑀 . G is government expenditures, T is total tax revenue,  Δ 𝐵 is the net issuance of bonds (i.e., new bonds issued minus redemptions of old bonds), and Δ 𝑀 is the change in the money supply. Let YP denote nominal GDP and suppose that the budget deficit (i.e., G - T) is 13% of nominal GDP. The net issuance of bonds is equal to 3% of GDP. If the money supply is 2 times the value of nominal GDP, then the growth rate of the money supply must be ______ percent. Round your answer to the nearest tenth of a percent. Hint: Divide the budget constraint by nominal GDP and rearrange terms. Multiply and divide by M in order to get an expression that includes the growth rate of M, i.e., Δ 𝑀 𝑀 .数值题