Table 71 GDP Based on Table 7

question 66

Multiple Choice

Table 7.1 GDP
$$\begin{array} { | l | r | c | r | } \hline & \begin{array} { c } \text { Nominal GDP(in billions of } \\\text { dollars) }\end{array} & \text { GDP deflator } & { \text { CPI } } \\\hline 2002 &\$6,992.4 & 106.2 & 151.6 \\\hline 2003 & 7,431.6 & 109.1 & 153 .8 \\\hline 2004 & 7,843.2 & 112.3 & 157 .8 \\\hline\end{array}$$ 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.

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Definitions:

Recognize Familiar Patterns

The ability to identify recurring shapes, arrangements, or sequences that one has encountered before.

Superior Memory

Exceptional ability to remember information compared to the average person's memory capability.

Careful Practice

Engaging in an activity with intentional focus and attention to detail to improve competency and minimize errors.

Productivity

The measure of the efficiency of production, often evaluated as the output per unit of input in a given time period.