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Table 10-3
the Table Below Reports Nominal and Real GDP

question 209

Multiple Choice

Table 10-3
The table below reports nominal and real GDP for the U.S. from 1929 to 1932.  Year  Nominal  GDP  Real GDP 1929103.6977193091.2892.8193176.5834.9193258.7725.8\begin{array} { c c c } \hline \text { Year } & \begin{array} { c } \text { Nominal } \\\text { GDP }\end{array} & \text { Real GDP } \\\hline 1929 & 103.6 & 977 \\1930 & 91.2 & 892.8 \\1931 & 76.5 & 834.9 \\1932 & 58.7 & 725.8 \\\hline\end{array}
-Refer to Table 10-3. What is the GDP deflator and the inflation rate for 1932?


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