Same Basket of Goods, Macroeconomics

assume the cost of a market basket in 2008 is 1717.0. Calculate the cost of the same basket of goods and services in 2007.
Price index in 2008 was 100 and price index in 2007 was 93
Posted Date: 10/5/2012 10:36:08 PM | Location : United States







Related Discussions:- Same Basket of Goods, Assignment Help, Ask Question on Same Basket of Goods, Get Answer, Expert's Help, Same Basket of Goods Discussions

Write discussion on Same Basket of Goods
Your posts are moderated
Related Questions
Some scholarly papers have shown that growth from trade in developing nations can make the country worse. Can this happen? If so, describe the conditions required for this situatio

list and discuss the major markets and four agents in the circular flow economic?

The real interest rate Interest rates and inflation Suppose you have 1 million on 1st January 2008. A basket of goods and services similar to the CPI basket costs 100,000.

Briefly explain if you agree with the following statement: If interest rates rise, bonds become more attractive to investors, so bond prices rise. Therefore, when the interest rat

Explain the production function and discuss why it is important? Explain diminishing returns to an input and give an example? Discuss why a firm's cost curve might be different in

Functions of Money During the course of history money has taken various forms. In fact, there is no difficulty in identifying money but the problem is defining money. Economis

/* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-prior

Question 1 How was the Classical Theory of interest role criticized by Keynes? Question 2 Discuss the barter system that was used in early times in lieu of money Question

Calculating interest rates on a yearly basis If maturity is different from one year, interest rate is generally recalculated to a corresponding one year rate. For instance con

Q. Explain about Phillips curve ? The Phillips curveĀ  According to traditional Phillips curve, there is a negative and stable relationship between unemployment andwage in