Tuesday, March 15, 2011

The new I-Pad is thinner and has a camera---The component parts SHOULD cost more, right? Check here to see...

Cost of the inputs that go into producing the I-Pad2, in their totality, have remained  about the same as the original I-Pad BUT it is considerably thinner and has a camera.  The retail price is going to stay the same as well.   Does this pose a problem with calculating the Consumer Price Index? How about GDP?  Hint: YES, it does! Extra credit for good answers to these questions...The first I-Pad is coded blue, I-Pad 2 is green.
Source: WSJ
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