Table 71 GDP Based on Table 7

Multiple Choice

Table 7.1 GDP
$$\begin{array} { | l | r | c | r | } \hline & \begin{array} { c } \text { Nominal GDP(in billions of } \\\text { dollars) }\end{array} & \text { GDP deflator } & { \text { CPI } } \\\hline 2002 &\$6,992.4 & 106.2 & 151.6 \\\hline 2003 & 7,431.6 & 109.1 & 153 .8 \\\hline 2004 & 7,843.2 & 112.3 & 157 .8 \\\hline\end{array}$$ Based on Table 7.1,the rate of inflation between 2003 and 2004,using the GDP deflator,was

A) 2.4 percent.
B) 2.9 percent.
C) 6.2 percent.
D) 4.1 percent.