ECON 203 Lecture Notes - Lecture 2: Gross Domestic Product, Root Mean Square, Savings Account
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Econ 203 exam 1: i am making an a. Macroeconomics: the study of economy-wide phenomena, including in ation, unemployment, and economic growth; statistics that tell about the whole economy. The economy is producing a larger output of goods and services are being sold at higher prices. When the quality of a good in the basket changes the bureau adjusts the price of the good to account for quality change. Cpi; overstates: if the cpi is 200 in 1980 and 300 today, then in 1980 has the same purchasing power as ____ today. : you deposit in a savings account, and a year later, you have ,100. Meanwhile, the cpi rises from 200 to 204. In this case, the nominal interest rate is ___%, and the real interest rate is ___%. Chicken; more people buy chicken: over a long period of time, the price of a candy bar rose from sh. 20 to . 20.
