Slide 1 Slide 2 The CPI and the Cost of Living CHAPTER 7 Slide 3 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…

Slide 1 Slide 2 The CPI and the Cost of Living CHAPTER 15 Slide 3 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…

Slide 1 Slide 2 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 million.…

Slide 1Time 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 in the…

Slide 1 Slide 2 The CPI and the Cost of Living CHAPTER 7 Slide 3 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…

Slide 1 Slide 2 Economic Growth CHAPTER 10 Slide 3 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 Define and calculate…

Slide 1 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) wage…

Slide 1 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 living. The…

Slide 1 1 Chapter 17 Inflation Key Concepts Key Concepts Summary Summary Practice Quiz Internet Exercises Internet Exercises ©2000 South-Western College Publishing Slide…

Slide 1 Slide 2 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…