Calculating growth rate of gdp deflator

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Reference no: EM1315270

Consider the following data on US GDP

Year

Nominal GDP(in billions $)

GDP Deflator (bae year 1996)

2000

9,873

118

1999

9,269

113

What was the grwoth rate of the GDP deflator between 1999 and 2000?

Reference no: EM1315270

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