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 7,662 110
1997 8,111 112

(A) What was the growth rate of nominal GDP between 1996 and 1997?

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Microeconomics: What was the growth rate of nominal gdp
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