Nominal Personal Consumption Expenditures in Canada Were $172

question 59

Multiple Choice

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 67 for 1980 and 118.6 for 1990,where 1986 is the base year.Calculate the percent change in real personal consumption expenditures (rounded to the nearest percentage point) in the decade.

• A)31%
• B)61%
• C)114%
• D)133%

---

Definitions:

Five Stages

Typically refers to a framework that divides a process into distinct phases, commonly used in models of grief and psychological development.

Critical Period

A critical period is a specific time in development when the presence or absence of certain experiences has a long-lasting influence on the physical or emotional development of an individual.

Teratogens

Agents, such as chemicals or viruses, that can cause developmental malformations in embryos or fetuses.

Sensorimotor Stage

Piaget’s first stage of cognitive development, in which the infant uses its senses and motor abilities to interact with objects in the environment.