Calculating growth rate of gdp deflator

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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