Determine whether real spending levels have increased

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A senator gives a speech where he attacks payments to seniorcitizens. He claims that payments increased by 50% per person from1980 to 1990. Another senator gives a speech about health-carespending. She claims that per-capita health expenditures have risenby 25% from 1985 to 1990. Assume that both senators are talkingabout nominal amounts, use the following GDP price deflator figures(1980--71.7, 1985--94.4, 1990--113.2) to determine whether realspending levels have increased. Do you think that the senatorswould choose to report the real or nominal figures?

Reference no: EM13244605

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