MAG - 4th Meeting

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MAG - 4th Meeting

  1. 1. Macro Analysis Group (Week 4) By: Jeevan Parameswaran, Spencer Pettiti (VPs of Editorial Content) Undergraduate Economics Association
  2. 2. Undergraduate Economics Association
  3. 3. Undergraduate Economics Association
  4. 4. Undergraduate Economics Association
  5. 5. CPI Stock Definition: ● “Produces monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services” BLS News Release ● Can be considered a quasi cost-of-living measure • 2 population groups: ● CPI-U (All Urban Consumers, 87%) ● CPI-W (Urban Wage Earners and Clerical Workers, 32%) ● Data is weighted based on relevance (Consumer Expenditure Survey) • Usage: ● Economic Indicator (policy efficacy) ● Deflator (for adjusting economic data) ● Income / wage bargaining ● Undergraduate Economics 80 Million tied 5 Association ● 27 Million school lunches
  6. 6. Undergraduate Economics Association
  7. 7. Undergraduate Economics Association
  8. 8. Undergraduate Economics Association
  9. 9. Undergraduate Economics Association
  10. 10. Undergraduate Economics Association

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