Homework Answers
a.Price of a Movie ticket in terms of today's dollars = 0.25*177/17.7 = $2.5
b. Cook earning a week in terms of today's dollars = 15*177/13.1 = $202.67
c. A gallon of gas cost in terms of today's dollars = 0.19*177/17.4 = $1.93
exactly three times as much to ODI tO GDP but a CD player does not contribute...
exactly three times as much to ODI tO GDP but a CD player does not contribute to GDP . PROBLEMS AND APPLICATIONS (50 marks) [1] Compute how much each of the following items is worth in terms of today's dollars using 177 as the price index for today. (15 marks) a. In 1926, the CPI was 17.7 and the price of a movie ticket was $0.25. b. In 1932, the CPI was 13.1 and a cook earned $15.00 a week....
Question 1 (b) List and briefly explain each components of Gross Domestic Product (GDP) based on...
Question 1 (b) List and briefly explain each components of Gross Domestic Product (GDP) based on expenditure approach (4 marks) Compute how much each of the following items is worth in terms of today's dollars using 177 as the Consumer price index for today. 1) In 1986, the CPI was 17.7 and the price of a movie ticket was $0.25 in that year, (2 marks) ii) In 1992, the CPI was 13.1 and a cook earned S15.00 a week in...
0 PROBLEMS AND APPLICATIONS(S0 marks) C15 marks) 190k, the CPt was 17.7 d the price ofa...
0 PROBLEMS AND APPLICATIONS(S0 marks) C15 marks) 190k, the CPt was 17.7 d the price ofa movie sicket was $0.25 c h 1943, he CPI was 17.4 and a gallon of gas cost $0.19 l Using sgphs, demonstrate wha happens to the money supply, money wtofnmy u d the price level İfas marks) a the Fed increases the money supply h peaple decide to demand less monry at each value of money The Fi Banik of Wabooton (10marks Table 1...
exactly three times as much to ODI tO GDP but a CD player does not contribute to GDP . PROBLEMS AND APPLICATIONS (50 marks) [1] Compute how much each of the following items is worth in terms of today's dollars using 177 as the price index for today. (15 marks) a. In 1926, the CPI was 17.7 and the price of a movie ticket was $0.25. b. In 1932, the CPI was 13.1 and a cook earned $15.00 a week....
Question 1 (b) List and briefly explain each components of Gross Domestic Product (GDP) based on expenditure approach (4 marks) Compute how much each of the following items is worth in terms of today's dollars using 177 as the Consumer price index for today. 1) In 1986, the CPI was 17.7 and the price of a movie ticket was $0.25 in that year, (2 marks) ii) In 1992, the CPI was 13.1 and a cook earned S15.00 a week in...
0 PROBLEMS AND APPLICATIONS(S0 marks) C15 marks) 190k, the CPt was 17.7 d the price ofa movie sicket was $0.25 c h 1943, he CPI was 17.4 and a gallon of gas cost $0.19 l Using sgphs, demonstrate wha happens to the money supply, money wtofnmy u d the price level İfas marks) a the Fed increases the money supply h peaple decide to demand less monry at each value of money The Fi Banik of Wabooton (10marks Table 1...
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