The CPI and the Cost of Living CHAPTER 7 When you have completed your study of this chapter, you will be able to C H A P T E R C H E C K L I S T Explain.
The CPI and the Cost of Living CHAPTER 15 C H A P T E R C H E C K L I S T When you have completed your study of this chapter, you will be able to 1 Explain.
How do we measure the changing value of money? Transformers: Revenge of the Fallen earned $400 million at the box office. Gone with the Wind earned $200.
The CPI and the Cost of Living
Time prices Inflation Inflation is a sustained increase in the prices of goods and services (or the cost of living). To measure inflation, we look at changes.
CHAPTER 8 PRICE CHANGES and ECHANGE RATES. Definitions Inflation –An increase in the average price paid for goods and services bringing about a reduction.
The CPI and the Cost of Living Outline 1.Index numbers 2.The Consumer Price Index (CPI) 3.The CPI and the Inflation Rate 4.Adjusting the money (nominal)
The CPI and the Cost of Living Outline 1.The Consumer Price Index (CPI) 2.What is inflation? 3.The CPI and the Inflation Rate 4.Adjusting the money (nominal)
STUDY GUIDE: MACROECONOMICS ECON FORUMLA & GRAPH SHIFTS For Each Chapter Covered in ECON 2105.
Chapter 6 Measuring the price level Chapter 5 covered the definition and measurement of the standard of living. We now turn our attention to the cost of.
The CPI and the Cost of Living CHAPTER 7 Eye Ons Consumer price indexNominal interest rate Cost of living indexNominal wage rate Reference base periodReal.