Nominal GDP

GDP Deflator

Real GDP

Year

(in billions)

(1996 = 100)

(billions of 1996 dollars)

1999

9,269

8,857

2000

9,873

107.0

9,227

Refer to Table 7-11. Between 1999 and 2000, the rate of real output of this economy increased by approximately

a. 2.5 percent.

b.4.2 percent.

c6.5 percent.

d7.0 percent.