Re: JNU 1997-2001 Doubts

Posted by Homer Simpson on May 09, 2014; 3:39pm
URL: http://discussion-forum.276.s1.nabble.com/JNU-1997-2001-Doubts-tp7589058p7589195.html

Ron, for 8, real income in period 0 is 100 because i assume nominal income as 100 with CPI at 100 (base year value). So real income is (nominal income/CPI)x100