Chapter 24: Measuring the Cost of Living
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- เผยแพร่เมื่อ 29 ส.ค. 2024
- The Consumer Price Index (CPI) 1:30
Calculating the CPI 3:34
Numerical example 9:46
Using the CPI to calculate the inflation rate 16:03
Problems with using the CPI 20:45
The CPI vs the GDP deflator 32:06
How to adjust for inflation 34:56
Indexation 42:28
Real and nominal interest rates 44:23
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why we change the base year ?
Awesome
What is the difference between standard of living and cost of living
They are closely related. Standard of living simply refers to the quality of lifestyle that you experience, while cost of living refers to how much it cost to achieve that lifestyle.
Hello professor, pls I need an answer to this question real quick, pls what should I do when a fix basket is not given and I was given different quantities on the various year?
My learning mate thinks we need to just use the quantity given for various years but I keep saying we need to use the quantity of the base year as the fix basket
Pls what is your final judgement on this
Hoping to get a feedback soon
Thank you
If the quantities change from one year to the next and you aren't given any information on what to use for the basket, then one option would be to use the quantities from the base year.
42:10 my Turkish ass is laughing
That didn't age very well given recent history, did it.
How do you calculate CPI2018, 1931?
chapter 25 is hidden?
20:12 labour☠️