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Nominal personal consumption expenditures in Canada were $172.4 billion in 1980 and rose to $399.3 billion in 1990. The implicit price deflator for personal consumption
Nominal personal consumption expenditures in Canada were $172.4 billion in 1980 and rose to $399.3 billion in 1990. The implicit price deflator for personal consumption expenditures is 218.6 for 1990, and 1980 is the base year. Calculate the percent change in real personal consumption expenditures (rounded to the nearest percentage point) in the decade.
21%
6%
15%
119%
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