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(TCO B) Current-dollar government purchases were $1,250 billion-(Answered)

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(TCO B) Current-dollar government purchases were $1,250 billion in 2010. With 2000 as the base year, assume the price deflator for 2010 is 175 (or, 1.75 if you don't multiple by 100). In real dollars, the year 2000 government purchases would be which of the following (rounded to the nearest billion)? (Points : 4)?

 

Paper#9255816 | Written in 27-Jul-2016

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