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The next four questions involve the following situation: Consider an economy with only three consumption goods: Hasbulla NFTs, laddu, and Akshay Kumar films. The following
The next four questions involve the following situation: Consider an economy with only three consumption goods: Hasbulla NFTs, laddu, and Akshay Kumar films. The following table shows prices for 2018-2021. Use 2018 as the base year for any relevant calculations. Based on a 2018 survey, the typical consumer has an annual consumption of 3 NFTs, 600 1bs of laadu, and 25 movies. Year Price of NFT Price of laddu (1b) Price of a Movie 2018 $10 $1 $10 2019 $150 $1 $10 2020 $1,010 $2 $10 2021 $20,000 $3 $15
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