1. Go to the CPI index table (https://fred.stlouisfed.org/series/USACPIALLMINMEI). All Items Indexes and Annual Percent Changes from 1960 to Present." This will give you the CPI from 1960 to the present. a. Say a dozen eggs in Walmart cost $1.67. Using CPI values from the above link calculate the current real price of eggs in 2015 dollars. You can take 2015 january CPI index or average index for 2015 b. Stated in real 2015 dollars, what is the percentage change in the real price of eggs from 2000 to the present? Nominal price for a dozen of eggs in 2000 is $ 0.91 (91 cents).

Missed information in problem set 1 question 1:

a) for CPI 2015, you can take 2015 januaryCPI index or average index for 2015.

b) nominal price for dozen of eggs in 2000 is $ 0.91 (91 cents)