How much did a bottle of Molson beer cost in 1786?

Let's say that a bottle of Molson beer sells for 7 dollars today.

Let's say that a bottle of Molson beer sold for 15 cents in 1840.

Who had the most purchasing power, a labourer in 1840, or today?

Given the table above, answer the following questions.

In what year was the nominal wage increase completely erased by inflation?

Given the table above, what is the CPI value for 2003?

Consider 2002 to be the base year.

What was the real wage in 2004?

GDP does not include production that is not monetized, or transacted in a market. Therefore, nature's ecological services such as cool air from large trees, or breathable air from forests, are not included in GDP. Actually, a dead tree is worth more in GDP than a living one, since it is sold as lumber and paper products.

What could we do to measure the importance of ecological services so that we don't cut all the trees who provide us with clean and cool air?

Use the carbon calculator to measure your production of CO2, given your personal consumption habits.

https://www.carbonfootprint.com/calculator.aspx

Discuss what surprises you about this number and what you, and all of us, can do to reduce our carbon imprint.

Match the item with the type of GDP measurement.

Match the definition with the keyword.