Re: Past ISI questions

Posted by L on Apr 22, 2015; 5:10pm
URL: http://discussion-forum.276.s1.nabble.com/Past-ISI-questions-tp7596244p7596297.html

Yeah you should that assuming prices to be 1 so that consumption is just money consumed. If you varian's 10th chapter, he had assumed prices to be 1 except when he considers inflation.
And you will find many questions in previous ISI papers which are very simple but carries a lot of marks, and  I especially found this in 2013 paper.