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 2001 and 2002 using the CPI was

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


Answer: A

Economics

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