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 1Macroeconomic indicator 1 Inflation is the percentage change in the Price Level (PL) from one year to the next. The Consumer Price Index (CPI) is a common measure…

THE CPI AND THE COST OF LIVING Cost of living index A measure of changes in the amount of money that people would need to spend to achieve a given standard of living. The…