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    Phung Anh Do (K18 DN)
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    This document contains information about an individual assignment for a macroeconomics course. It provides the course name, semester, class details, student name and roll number. It then presents a topic on measuring the cost of living and gives three examples to compute the value of different items from the past in today's dollar terms using a price index. It provides the original prices and price indexes for 1926, 1932 and 1943 and shows the calculations to derive the equivalent prices in today's dollars.

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    This document contains information about an individual assignment for a macroeconomics course. It provides the course name, semester, class details, student name and roll number. It then presents a topic on measuring the cost of living and gives three examples to compute the value of different items from the past in today's dollar terms using a price index. It provides the original prices and price indexes for 1926, 1932 and 1943 and shows the calculations to derive the equivalent prices in today's dollars.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views3 pages

    Asignment 1

    Uploaded by

    Phung Anh Do (K18 DN)
    This document contains information about an individual assignment for a macroeconomics course. It provides the course name, semester, class details, student name and roll number. It then presents a topic on measuring the cost of living and gives three examples to compute the value of different items from the past in today's dollar terms using a price index. It provides the original prices and price indexes for 1926, 1932 and 1943 and shows the calculations to derive the equivalent prices in today's dollars.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    COURSE NAME: MACROECONOMICS(ECO121)

    SEMESTER: FALL SEMESTER

    CLASS: BA18B01

    FULL NAME: Phùng Anh Đô

    ROLL NUMBER: DS180286

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    Compute how much each of the following items is worth in terms of today's
    dollars using 177 as the price index for today.
    a. In 1926, the CPI was 17.7 and the price of a movie ticket was $0.25.
    b. In 1932, the CPI was 13.1 and a cook earned $15.00 a week.
    c. In 1943, the CPI was 17.4 and a gallon of gas cost $0.19.
    ANSWER:
    Amount in today′s dollars =Amount in year T dollars × Price level today / Price level in
    year T
    a. 0.25 x 177 / 17.7 = 2.5$
    b. 15 x 177 / 13.1 = 202.67$
    c. 0.19 x 177 / 17.4 = 1.93$

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