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SAT, 02.06.2021 23:20 devante63

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

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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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