CAS EC 102 Lecture Notes - Candy Crush Saga, Bmw 3 Series, Producer Price Index

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

Document Summary

How much things cost is important when evaluating wealth. The cost to live directly influences life style. If the prices customers are paying are rising faster than overall prices then profits are increasing in real terms. If the prices customers are paying are rising at a slower pace or are falling faster than overall prices, then profits are decreasing in real terms. Price rises in history usually associate with war. Tracks changes in prices of items bought by typical us family. Tracks changes in prices of items bought by businesses. Tacks changes in prices of all items produced in usa.