Showing posts with label Macro - Measurement of Economic Performance. Show all posts
Showing posts with label Macro - Measurement of Economic Performance. Show all posts

Friday, January 29, 2016

Homework for Thursday

Hi everyone!

I double checked the calendar and I have the reading due next Thursday, Feb 4.  For those who don't have the book yet, I've scanned a copy and have attached it below.  Additionally, if you need further explanation for the reading, please view the video below - it's optional.



Inflation Reading

CPI Video




Tuesday, February 7, 2012

Consumer Price Index


Consumer Price Index = market basket in current year / market basket in base year   x  100

*** The equations used at 3:50, 4:28, 4:48 are wrong***   
The correct equation for 3:50 is 50/20 x 100 = 250
The correct equation for 4:28 is 20/40 x 100 = 50
The correct equation for 4:48 is 50/40 x 100 = 125

I will fix the error shortly, but in the mean time, please make the appropriate corrections.