Monday, February 15, 2016

What is inflation and how is it measured using the Consumer Price Index?



What is inflation and how is it measured using the Consumer Price Index?

#Parkin #11edition #Unemployment #CPI #Inflation #Chapter22

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1 comment:

  1. Rully MangunsongFebruary 15, 2016 at 1:50 AM

    Answer: The inflation rate is the percentage change in the price level from one year to the next. In other words, it is the growth rate of the price level. The CPI is a measure of the price level and so can be used to calculate the inflation rate.

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