Macroeconomics Midterm 2013
CPI Measurement.
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
Consumer Price Index
GDP measures the value of output in nominal dollars—that is, dollar values at the time production took place. GDP rose by 9 percent between 1979 and 1980.
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)
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.
