On October 29, 2015, at 8:30 AM (Eastern), the U.S. Bureau of Economic Analysis is scheduled to release its advance estimate of 3rd quarter Gross Domestic Product. The second part of the question asks you to predict the analogous SAAR of growth in nominal GDP. This value will be found in cell F283 of the spreadsheet hosted on the BEA website at URL http://www.bea.gov/national/xls/gdpchg.xls, once it is updated on October 29. It can also be computed from Line 1 of Table 1.1.5 of the NIPA tables at http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1#reqid=9&step=3&isuri=1&903=5, via the formula (1 + r)^4, where r = (GDP2015Q3 – GDP2015Q2) / GDP2015Q2, with the (seasonally adjusted) GDP values for Q3 and Q2 extracted from the table.
The difference between real and nominal GDP growth is reflected in the Implicit Price Deflator for gross domestic product, a measure of inflation that is distinct from more commonly reported quantities such as the monthly increase in CPI (consumer price index), or the quarterly increase in the price index for personal consumption expenditures (PCE deflator). The evolution of the GDP deflator can be seen at https://research.stlouisfed.org/fred2/series/A191RI1Q225SBEA.
We will round the growth rate to the nearest 0.1% for resolution.
Note that the growth rates will reflect the most recent estimate for Q2 GDP, versus the advance estimate for Q3 GDP.