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Nominal personal consumption expenditures in the United States were $1760.4 billion in 1980 and
rose to $3839.3 billion in 1990. The price index for personal consumption expenditures was 58.5 for 1980 and
92.9 for 1990, where 1992 was the base year. Calculate the percent change in real personal consumption
expenditures (rounded to the nearest percentage point) in the decade.
A. 118%
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B. 59%
C. 37%
D. 137%
O: 9
