What was the growth rate of nominal gdp, Microeconomics

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What was the growth rate of nominal gdp

Consider the following data on U.S. GDP:

Year Nominal GDP GDP Deflator
( in billions) (BASE YEAR 1996)
2000 9,873 118
1999 9,269 113

a) What was the growth rate of nominal GDP between 1999 & 2000(Note: The growth rate is the percentage change from one period to the next.)
b) What was the growth rate of the GDP deflator between 1999 & 2000
c) What was real GDP in 1999 measured in 1996 prices?

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Microeconomics: What was the growth rate of nominal gdp

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Microeconomics: What was the growth rate of nominal gdp

Reference No:- TGS057374

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