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Table 72 GDP for Newland Based on Table 7

Question 24

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Table 7.2 GDP for Newland
 Nominal GDP(in billions of  dollars)   GDP deflator  CPI 2001$5,900120.1128.320026,300123.0131.720036,800126.3136.5\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 2001 & \$ 5,900 & 120.1 & 128.3 \\\hline 2002 & 6,300 & 123.0 & 131.7 \\\hline 2003 & 6,800 & 126.3 & 136.5 \\\hline\end{array} Based on Table 7.2,the rate of inflation between 2001 and 2002 using the CPI was


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

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