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If the nominal GDP was reported at $ 1 9 6 . 3 billion and real GDP was reported at $ 1 9 3 .

If the nominal GDP was reported at $196.3 billion and real GDP was reported at $193.4 billion, what was the inflation rate for the period?
A)1.50%
B)1.83%
C)1.93%
D)2.22%

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