Question1

Principles of Macroeconomics (with Xtra!)

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YEAR 1 Base period YEAR 2 (Private) Consumption C (Private) Consumption C Name Quantity (q) Price (P) Nominal/Real Name Quantity (q) Price (P) Nominal Real Quantity (q) Price (P) Cost of base year cons basket today TVs 2,000 $1,000 $2,000,000 TVs 0 $1,000 $0 $0 2,000 $1,000 $2,000,000 16,000 $800 $12,800,000 25,000 $600 $15,000,000 $20,000,000 16,000 $600 $9,600,000 paper 2,400,000 $0.90 $2,160,000 paper 3,500,000 $0.70 $2,450,000 $3,150,000 2,400,000 $0.70 $1,680,000 desks 30,000 $50 $1,500,000 desks 40,000 $35 $1,400,000 $2,000,000 30,000 $35 $1,050,000 drugs 3,000,000 $1 $3,000,000 drugs 800,000 $1 $800,000 $800,000 3,000,000 $1 $3,000,000 oil 1,200,000 $60 $72,000,000 oil 1,200,000 $100 $120,000,000 $72,000,000 1,200,000 $100 $120,000,000 CDs 4,000,000 $20 $80,000,000 CDs 3,000,000 $20 $60,000,000 $60,000,000 4,000,000 $20 $80,000,000 pens 3,600,000 $0.75 $2,700,000 pens 3,600,000 $0.75 $2,700,000 $2,700,000 3,600,000 $0.75 $2,700,000 food 36,000,000 $10 $360,000,000 food 36,800,000 $10
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This document was uploaded on 02/07/2008.

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