Table 72
GDP for Newland Based on Table 7

question 63

Multiple Choice

$\begin{array}{rrrr}&\text { Nominal GDP }\\&\text { (in billions of dollars) }&\text { GDP deflator }&\text { CPI }\\\hline2001 & \$ 5,900 & 120.1 & 128.3 \\2002 & 6,300 & 123.0 & 131.7 \\2003 & 6,800 & 126.3 & 136.5\end{array}$

Table 7.2
GDP for Newland Based on Table 7.2,the rate of inflation between 2001 and 2002 using the CPI was

• A)2.65 percent.
• B)2.58 percent.
• C)3.40 percent.
• D)2.02 percent.

---

Definitions:

Bargaining Unit

A group of employees who have been certified.

Employment Standards Act

Legislation outlining the minimum standards of employment, including wages, working hours, leaves, and termination procedures, among other worker rights.

Maximum Amount

The highest permissible limit or value that can be achieved or allowed.

Third-party Intervention

Involvement by an outside party or entity in a dispute or negotiation to facilitate a resolution or provide an independent assessment.