More Related Content More from Gale Pooley (20) 5. When you have lines waiting to buy your
product, you can do two things:
make more, or raise prices
13. Pizza Soda
Year Price Qty Total Price Qty Total
Total
Total
%
Change
2010 $5 100 $500 $1.00 50 $50 $550
2011 $6 134 $804 $1.50 40 $60 $864 57.1%
2011* $5 134 $670 $1.00 40 $40 $710 29.1%
2012 $10 150 $1500 $2.00 30 $60 $1,560 80.6%
2012* $5 150 $750 $1.00 30 $30 $780 9.9%
* Prices adjusted to 2010 Rates
Real versus Nominal GDP
16. If the the GDP Deflator is
178 and a Pizza cost $15,
what was the price in the
base year?
$15 Ă· 1.78 = $8.43
18. If the the GDP Deflator is
178 in 2010 and 192 in 2011,
what was the rate of
inflation?
192-178
178
x 100 =7.86%
24. You are not the customer
You are the product
Ads are not ads, they’re minuses
30 percent of your data is ads
1 in 1,667 get clicked on
50% are in error
1 on 3,333 are desired
