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 1992)1996 7,662 1101997 8,111 112
(A) What was the growth rate of nominal GDP between 1996 and 1997?
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Consider the following data on U.S. GDP:Year Nominal GDP GDP Deflator. What was the growth rate of nominal GDP between 1996 and 1997?
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