At the beginning of 1989,the GDP deflator was 93.6.At the end of 2004,it was 189.2.What was the total percentage change in prices over this 15-year period?
A)98.9 percent.
B)102.14 percent.
C)59.6 percent.
D)150.0 percent.

Question

Quizplus · Accepted Answer

The total percentage change in prices over the period can be calculated using the formula for percentage change: [(final value - initial value) / initial value] * 100. Thus, [(189.2 - 93.6) / 93.6] * 100 = 102.14 percent.

At the Beginning of 1989,the GDP Deflator Was 93