CPI and Inflation by James DeNicco

The lecture CPI and Inflation by James DeNicco is from the course Principles of Macroeconomics (EN). It contains the following chapters:

• CPI and Inflation
• Calculate the CPI
• Calculate Inflation
• Fun with CPI
• Indexing
• Issues with the CPI
• Costs of Inflation
• Inflation and Money

Included Quiz Questions

1. Price of a standard basket of goods in current year devided by base year prices of the same standard basket of goods times one hundred.
2. Price of a standard basket of goods in current year devided by base year prices of the same standard basket of goods.
3. Price of a standard basket of goods in base year devided by current year prices of the same standard basket of goods times one hundred.
4. Price of a standard basket of goods in base year devided by current year prices of the same standard basket of goods.
1. -0.25%
2. 0.25%
3. 1,225%
4. 2,25%
1. Both income would be equal.
2. Jake's income would be higher.
3. His father's income would be higher.
4. None of the answers are correct.
1. A fixed basket may overrates inflationary effect.
2. The CPI does not see the increase in the quality of a certain good.
3. The CPI measures the increase in the price.
4. The CPI allows for the introduction of new goods.
1. A fixed basket may overrates inflationary effect.
2. The CPI does not see the increase in the quality of a certain good.
3. The CPI measures the increase in the price.
4. The CPI allows for the introduction of new goods.
1. Real / down
2. Real / up
3. Imaginary / down
4. Imaginary / up
5. None of the answers are correct.

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