Table 71 GDP Based on Table 7

question 16

Multiple Choice

$\begin{array}{rrrr}&\text { Nominal GDP }\\&\text { (in billions of dollars) }&\text { GDP deflator }&\text { CPI }\\\hline2002 & \$ 6,992.4 & 106.2 & 151.6 \\2003 & 7,431.6 & 109.1 & 153.8 \\2004 & 7,843.2 & 112.3 & 157.8\end{array}$

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.