Nominal GDP (in billions of dollars) GDP deflator CPI 2002 $ 6,992.4 106.2 151.6 2003 7,431.6 109.1 153.8 2004 7,843.2 1 12.3 157.8 Table 7.1 GDP 5. Based on Table 7.1, the rate of inflation between 2002 and 2003 using the CPI was A. 1.5 percent. B. 2.2 percent. C. 6.2 percent. D. 4.1 percent