Question: 4. Use the data in the table below to compute economic growth rates for the United States for 2008, 2009, and 2010. Note that all

4. Use the data in the table below to compute economic growth rates for the United States for 2008, 2009, and 2010. Note that all data are from the end of the year specified.

Nominal GDP

(billions of GDP Population Date current $) deflator growth rate 2007 $14,061.8 106.30 1.01%

2008 $14,369.1 108.62 0.93%

2009 $14,119.0 109.61 0.87%

2010 $14,660.4 110.66 0.90%

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