CPI and Inflation
About the Lecture
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
Build the Consumer Price Index!
- 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.
- Price of a standard basket of goods in current year devided by base year prices of the same standard basket of goods.
- 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.
- Price of a standard basket of goods in base year devided by current year prices of the same standard basket of goods.
Calculate the inflation rate for the year 1999! CPI 1999: 226.230 CPI 2000: 230.221
- -0.25%
- 0.25%
- 1,225%
- 2,25%
Jake's salary in 2013 was $ 70,000 and the CPI was 112. Your father's salary in 1980 was $ 50,000 and the CPI was 80. Who would have the higher income in 2013?
- Both income would be equal.
- Jake's income would be higher.
- His father's income would be higher.
- None of the answers are correct.
Which of the following answers are correct?
- A fixed basket may overrates inflationary effect.
- The CPI does not see the increase in the quality of a certain good.
- The CPI measures the increase in the price.
- The CPI allows for the introduction of new goods.
What are the issues with the CPI?
- A fixed basket may overrates inflationary effect.
- The CPI does not see the increase in the quality of a certain good.
- The CPI measures the increase in the price.
- The CPI allows for the introduction of new goods.
High inflation makes the __________ value of debt go __________.
- Real / down
- Real / up
- Imaginary / down
- Imaginary / up
- None of the answers are correct.
Author of lecture CPI and Inflation
James DeNicco
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