ECON 102 Final: ECON 102 Final Exam Winter 2006
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Questions 1-2 use the data in the table below. In this economy, there are 3 goods produced in 2000, 4 goods produced in 2001, and 5 goods produced in 2002 and 2003. The cpi consumption basket contains only three goods: Bottled water (50), tv sets (10) and cd players (5). Look at the following table for details of output and prices in each of the four years. Quantities prices quantities prices quantities prices quantities prices. You don"t really need one, since you already have a perfectly acceptable car that you will keep even if you buy the bmw, but you think it will look nice sitting in the street outside your student apartment. And you (or your parents) have enough money that buying it won"t cause you to cut back on any other expenses. However, you wonder (of course!) about the effect of your purchase on. She has the option of receiving a payment of 10 million.