Table 23-3The following table reports nominal and real GDP for the U.S. from 1929 to 1932. Year Nominal GDP (Billions of dollars) Real GDP (Billions of dollars) 1929 103.6 977 1930 91.2 892.8 1931 76.5 834.9 1932 58.7 725.8 Refer to Table 23-3. What are the GDP deflator and the inflation rate for 1931?
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