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PowerPoint Presentation The Consumer Price Index The Consumer Price Index, CPI, is a basket of goods and services purchased by the typical urban consumer. The CPI measures…
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Slide 1 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. However,…
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Inflation Inflation Definition of inflation Inflation: a continuous and considerable rise in prices in general. Neutral: does not look to specific causes. Process: a continuous…