lectur13-page53

lectur13-page53 - $3.00 ($1.00 / 149.7) ($3.00 /161.3) X...

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53 An Example Using the CPI Nominal Price Relative Price Price Price Price Price 3 yrs ago today 3 yrs ago today Hamburger $1.00
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Unformatted text preview: $3.00 ($1.00 / 149.7) ($3.00 /161.3) X 100 = $.67 X 100 = $1.86 Average of prices in the 149.7 161.3 economy (CPI)...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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