Consider the following data, where gross domestic product (G…
Consider the following data, where gross domestic product (GDP) values are measured in millions of dollars, to answer the next seven questions. Year Nominal GDP Real GDP GDP Deflator 2015 ________ $650 100.0 2016 $700 ________ 103.7 2017 $775 $725 ________ 2018 ________ $750 110.0 What was the growth rate of nominal gross domestic product (GDP) from 2016 to 2017?