Economists observed the following growth rates in the fourth quarter of 1995: real GDP = 2.8 percent; M1 = 7.8 percent; GDP Deflator = 2.2 percent. Given this data, the growth of nominal GDP was approximately

a. 12.8 percent.
b. 10.0 percent.
c. 5.6 percent.
d. 5.0 percent.
e. 0.6 percent.


d

Economics

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