$\begin{array}{rrrr}&\text { Nominal GDP }\
&\text { (in billions of dollars) }&\text { GDP deflator }&\text { CPI }\\hline
2002 & \$ 6,992.4 & 106.2 & 151.6 \
2003 & 7,431.6 & 109.1 & 153.8 \
2004 & 7,843.2 & 112.3 & 157.8
\end{array}$

Table 7.1 GDP Based on Table 7.1,the rate of inflation between 2003 and 2004,using the GDP deflator,was
A)2.4 percent.
B)2.9 percent.
C)6.2 percent.
D)4.1 percent.

Question

$\begin{array}{rrrr}&\text { Nominal GDP }\
&\text { (in billions of dollars) }&\text { GDP deflator }&\text { CPI }\\hline
2002 & \$ 6,992.4 & 106.2 & 151.6 \
2003 & 7,431.6 & 109.1 & 153.8 \
2004 & 7,843.2 & 112.3 & 157.8
\end{array}$

Table 7.1 GDP Based on Table 7.1,the rate of inflation between 2003 and 2004,using the GDP deflator,was
A)2.4 percent.
B)2.9 percent.
C)6.2 percent.
D)4.1 percent.

Quizplus · Accepted Answer

The Answer of $\begin{array}{rrrr}&\text { Nominal GDP }\
&\text { (in billions of dollars) }&\text { GDP deflator }&\text { CPI }\\hline
2002 & \$ 6,992.4 & 106.2 & 151.6 \
2003 & 7,431.6 & 109.1 & 153.8 \
2004 & 7,843.2 & 112.3 & 157.8
\end{array}$

Table 7.1 GDP Based on Table 7.1,the rate of inflation between 2003 and 2004,using the GDP deflator,was
A)2.4 percent.
B)2.9 percent.
C)6.2 percent.
D)4.1 percent.

Table 71 GDP Based on Table 7