CAS EC 102 Lecture : Chapter 7 and Egypt Lecture.pdf

• School: Boston University
• Department: Economics
• Course: CAS EC 102
• Professor: Jay Zagorsky

Document Summary

Although the price of beer has gone up, after adjusting for inflation, the price of beer has been flat. College has increased tuition because earnings with a diploma increased. Today"s price = old price x (new cpi value)/(old cpi value) Price of beer has been flat, gasoline and min wage has been decreasing and college tuition has been up. Always think about the real price, not the nominal. The muslim brotherhood took over under president morsi, after the overthrow of the previous leader mubarak (military dictatorship) Morsi designed laws to make egypt an islamic state. Egypt is the #1 wheat importer in the world. Roughly half the wheat eaten in egypt is imported.