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slides20110929 -    $80,000 in 1931 Number of Baskets...

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Unformatted text preview:    $80,000 in 1931 Number of Baskets Bought by Ruth in 1931 = Cost of Each Basket in 1931 $80,000 in 1931 Number of Baskets Bought by Ruth in 1931 = Cost of Each Basket in 1931 2010 Cost of the Baskets Bought by Ruth in 1931 = Cost of Each Basket in 2010 × Number of Baskets Bought in 1931 $80,000 in 1931 = Cost of Each Basket in 2010 × Cost of Each Basket in 1931 2010 Cost of the Baskets Bought by Ruth in 1931 = Cost of Each Basket in 2010 × Number of Baskets Bought in 1931 $80,000 in 1931 = Cost of Each Basket in 2010 × Cost of Each Basket in 1931 = Cost of Each Basket in 2010 × 100 Cost of Each Basket in a Base Year Cost of Each Basket in a Base Year 1 × × Cost of Each Basket in 1931 100 × $80,000 in 1931 2010 Cost of the Baskets Bought by Ruth in 1931 Cost of Each Basket in 2010 = × 100 Cost of Each Basket in a Base Year Cost of Each Basket in a Base Year 1 × × Cost of Each Basket in 1931 100 × $80,000 in 1931 = CPI in 2010 × $80,000 in 1931 CPI in 1931 2010 Cost of the Baskets Bought by Ruth in 1931 CPI in 2010 = × $80,000 in 1931 CPI in 1931 Value in This Year's Dollars CPI This Year = Value in a Past Year's Dollars × CPI in the Past Year Value in This Year's Dollars CPI This Year = Value in a Past Year's Dollars × CPI in the Past Year Value in This Year's Dollars CPI This Year = Value in a Past Year's Dollars × CPI in the Past Year Value in This Year's Dollars CPI This Year = Value in a Past Year's Dollars × CPI in the Past Year           ...
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This note was uploaded on 02/29/2012 for the course ECON 132 taught by Professor Rado during the Fall '08 term at BC.

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