The document discusses how the Consumer Price Index (CPI) is used to measure inflation and changes in the cost of living over time. The CPI tracks the prices of goods and services in a set basket to calculate cost of living. Issues with the CPI include substitution bias when consumers switch goods, new products not captured, and quality changes not measured precisely. While imperfect, the CPI provides an important indicator of inflation.
Measuring the Cost of Living - computing for CPI and Inflation (SS 113)Arvin Maruya
SS 113 (Economic Planning and Strategy) report on measuring the cost of livingg.
Additional References:
N. Gregory Mankiw's Principles of Macroeconomics.
N. Gregory Mankiw's PPT slides for Principles of Macroeconomics.
Measuring the Cost of Living - computing for CPI and Inflation (SS 113)Arvin Maruya
SS 113 (Economic Planning and Strategy) report on measuring the cost of livingg.
Additional References:
N. Gregory Mankiw's Principles of Macroeconomics.
N. Gregory Mankiw's PPT slides for Principles of Macroeconomics.
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That's why we've created this tutorial to guide you through the process of setting up a Blogger Custom Domain Name for your blog.
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