A country's personal consumption expenditures totaled $8,000 billion in 2010. If the
consumer price index in 2010 was 125 and the inflation rate was 10 percent, then what were
the real personal consumption expenditures in base-year dollars?
A
$800 billion
B)
$6,400 billion
$7,200 billion
$8,800 billion
E
$10,000 billion
Answers: 2
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A country's personal consumption expenditures totaled $8,000 billion in 2010. If the
consumer price...
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