Table 7.2GDP for Newland?Nominal GDP(in billions of dollars)GDP deflatorCPI2001$5,900120.1128.320026,300123.0131.720036,800126.3136.5Based on Table 7.2, the rate of inflation between 2002 and 2003, using the GDP deflator, was
A. 2.68 percent.
B. 1.62 percent.
C. 4.91 percent.
D. None of the other choices.
Answer: A
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