News release In June 2010, real personal consumption expenditure (PCE) was $9,283.4 billion and the PCE deflator

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News release In June 2010, real personal consumption expenditure

(PCE) was $9,283.4 billion and the PCE deflator was 110.8. In July 2010, real personal consumption expenditure was $9,301.3 billion and personal consumption expenditure was

$10,325.5 billion.

Source: Bureau of Economic Analysis, August 30, 2010 Calculate personal consumption expenditure in June 2010 and the PCE deflator in July 2010.

Was the percentage increase in real personal consumption expenditure greater or smaller than that in personal consumption expenditure?

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Economics

ISBN: 125380

10th Edition

Authors: Michael Parkin ,Robin Bade

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