CPI and Inflation by James DeNicco

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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

  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.

Author of lecture CPI and Inflation

 James DeNicco

James DeNicco


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