Slide 1What is Inflation? Inflation is rising general level of prices Inflation reduces the purchasing power of money Examples: It takes $2 to buy what $1 bought in 1982…
Slide 1 Tutorial 2 Macroeconomics – ECON 111 Slide 2 The consumers price index (CPI) is a measure of the overall cost of the goods and services bought by a typical household.…
Slide 1 Measuring the Cost of Living CHAPTER 24 Slide 2 In this chapter, look for the answers to these questions: What is the Consumer Price Index (CPI)? How is it calculated?…
Slide 1 Unit 2-3: Macro Measures 1 Slide 2 What is Inflation? Inflation is rising general level of prices and it reduces the “purchasing power” of money Examples: It…
PowerPoint Presentation Gross domestic product (GDP) The market value of all final goods and services produced in a country during a period of time, typically one year. GDP…