SlideShare a Scribd company logo

Measuring Cost Of Living

•Download as PPT, PDF•
•
S
Saurabh Goel

Created by Mr.Saurabh Goel IBS Chennai

EducationSelf ImprovementBusiness
1 of 41
Measuring the Cost of Living
Measuring the Cost of Living ,[object Object],[object Object],06/07/09
THE CONSUMER PRICE INDEX ,[object Object],[object Object],[object Object],06/07/09
THE CONSUMER PRICE INDEX ,[object Object],06/07/09
How the Consumer Price Index Is Calculated ,[object Object],[object Object],[object Object],06/07/09
How the Consumer Price Index Is Calculated ,[object Object],06/07/09
How the Consumer Price Index Is Calculated ,[object Object],06/07/09
How the Consumer Price Index Is Calculated ,[object Object],[object Object],[object Object],06/07/09
How the Consumer Price Index Is Calculated ,[object Object],06/07/09
How the Consumer Price Index Is Calculated ,[object Object],[object Object],06/07/09
Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
How the Consumer Price Index Is Calculated ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],06/07/09
FYI: What’s in the CPI’s Basket? Copyright©2004 South-Western 06/07/09 16% Food and beverages 17% Transportation Medical care 6% Recreation 6% Apparel 4% Other goods and services 4% 41% Housing 6% Education and communication
Problems in Measuring the Cost of Living ,[object Object],06/07/09
Problems in Measuring the Cost of Living ,[object Object],[object Object],[object Object],06/07/09
Problems in Measuring the Cost of Living ,[object Object],[object Object],[object Object],[object Object],06/07/09
Problems in Measuring the Cost of Living ,[object Object],[object Object],[object Object],[object Object],06/07/09
Problems in Measuring the Cost of Living ,[object Object],[object Object],[object Object],[object Object],06/07/09
Problems in Measuring the Cost of Living ,[object Object],[object Object],[object Object],06/07/09
The GDP Deflator versus the Consumer Price Index ,[object Object],06/07/09
The GDP Deflator versus the Consumer Price Index ,[object Object],[object Object],[object Object],06/07/09
The GDP Deflator versus the Consumer Price Index ,[object Object],[object Object],06/07/09
The GDP Deflator versus the Consumer Price Index ,[object Object],[object Object],06/07/09
The GDP Deflator versus the Consumer Price Index ,[object Object],[object Object],06/07/09
Figure 2 Two Measures of Inflation 1965 Percent per Year 15 10 5 0 1970 1975 1980 1985 1990 2000 1995 Copyright©2004 South-Western 06/07/09 CPI GDP deflator
CORRECTING ECONOMIC VARIABLES FOR THE EFFECTS OF INFLATION ,[object Object],06/07/09
Dollar Figures from Different Times ,[object Object],06/07/09
Table 2 The Most Popular Movies of All Times, Inflation Adjusted Copyright©2004 South-Western 06/07/09
Indexation ,[object Object],06/07/09
Real and Nominal Interest Rates ,[object Object],06/07/09
Real and Nominal Interest Rates ,[object Object],[object Object],[object Object],06/07/09
Real and Nominal Interest Rates ,[object Object],[object Object],[object Object],[object Object],[object Object],06/07/09
Figure 3 Real and Nominal Interest Rates 1965 Interest Rates (percent per year) 15 10 5 0 – 5 1970 1975 1980 1985 1990 1995 2000 Copyright©2004 South-Western 06/07/09 Real interest rate Nominal interest rate
Summary ,[object Object],[object Object],[object Object],06/07/09
Summary ,[object Object],[object Object],06/07/09
Summary ,[object Object],[object Object],06/07/09
Summary ,[object Object],[object Object],[object Object],06/07/09

Recommended

Measuring the Cost of Living
Measuring the Cost of LivingMeasuring the Cost of Living
Measuring the Cost of LivingTuul Tuul
 
Measuring The Cost of living
Measuring The Cost of livingMeasuring The Cost of living
Measuring The Cost of livingdjalex035
 
measuring nation's income
measuring nation's incomemeasuring nation's income
measuring nation's incomeitmamul akwan
 
Elasticity and Its Application
Elasticity and Its ApplicationElasticity and Its Application
Elasticity and Its ApplicationChris Thomas
 
Chapter 24 measuring the cost of living
Chapter 24 measuring the cost of livingChapter 24 measuring the cost of living
Chapter 24 measuring the cost of livingNishant Agrawal
 
Money Growth and Inflation
Money Growth and InflationMoney Growth and Inflation
Money Growth and InflationChris Thomas
 
Saving, Investment, and the Financial System
Saving, Investment, and the Financial SystemSaving, Investment, and the Financial System
Saving, Investment, and the Financial SystemChris Thomas
 
measuring cost of living
measuring cost of livingmeasuring cost of living
measuring cost of livingitmamul akwan
 

Recommended

Measuring the Cost of Living
Measuring the Cost of LivingMeasuring the Cost of Living
Measuring the Cost of LivingTuul Tuul
 
Measuring The Cost of living
Measuring The Cost of livingMeasuring The Cost of living
Measuring The Cost of livingdjalex035
 
measuring nation's income
measuring nation's incomemeasuring nation's income
measuring nation's incomeitmamul akwan
 
Elasticity and Its Application
Elasticity and Its ApplicationElasticity and Its Application
Elasticity and Its ApplicationChris Thomas
 
Chapter 24 measuring the cost of living
Chapter 24 measuring the cost of livingChapter 24 measuring the cost of living
Chapter 24 measuring the cost of livingNishant Agrawal
 
Money Growth and Inflation
Money Growth and InflationMoney Growth and Inflation
Money Growth and InflationChris Thomas
 
Saving, Investment, and the Financial System
Saving, Investment, and the Financial SystemSaving, Investment, and the Financial System
Saving, Investment, and the Financial SystemChris Thomas
 
measuring cost of living
measuring cost of livingmeasuring cost of living
measuring cost of livingitmamul akwan
 
A Macroeconomic Theory of the Open Economy
A Macroeconomic Theory of the Open EconomyA Macroeconomic Theory of the Open Economy
A Macroeconomic Theory of the Open EconomyChris Thomas
 
Unemployment
UnemploymentUnemployment
UnemploymentChris Thomas
 
Measuring the Cost of Living
Measuring the Cost of LivingMeasuring the Cost of Living
Measuring the Cost of LivingChris Thomas
 
Measuring a Nation's Income
Measuring a Nation's IncomeMeasuring a Nation's Income
Measuring a Nation's IncomeChris Thomas
 
market forces of supply and demand
market forces of supply and demandmarket forces of supply and demand
market forces of supply and demanditmamul akwan
 
Demand and Supply
Demand and SupplyDemand and Supply
Demand and SupplyLumen Learning
 
Application: The Costs of Taxation
Application: The Costs of TaxationApplication: The Costs of Taxation
Application: The Costs of TaxationTuul Tuul
 
Open-Economy Macroeconomics: Basic Concepts
Open-Economy Macroeconomics: Basic ConceptsOpen-Economy Macroeconomics: Basic Concepts
Open-Economy Macroeconomics: Basic ConceptsChris Thomas
 
Production Possibility Frontier (Revision Presentation)
Production Possibility Frontier (Revision Presentation)Production Possibility Frontier (Revision Presentation)
Production Possibility Frontier (Revision Presentation)tutor2u
 
The Market Forces of Supply and Demand
The Market Forces of Supply and DemandThe Market Forces of Supply and Demand
The Market Forces of Supply and DemandChris Thomas
 
Monetary Systems
Monetary SystemsMonetary Systems
Monetary SystemsAleeza Baig
 
Elasticity and its application
Elasticity and its applicationElasticity and its application
Elasticity and its applicationNelsie Grace Pineda
 
Aggregate Demand and Aggregate Supply
Aggregate Demand and Aggregate SupplyAggregate Demand and Aggregate Supply
Aggregate Demand and Aggregate SupplyChris Thomas
 
Production and Growth
Production and GrowthProduction and Growth
Production and GrowthChris Thomas
 
PPF PowerPoint
PPF PowerPointPPF PowerPoint
PPF PowerPointCorey Topf
 
The Theory of Consumer Choice
The Theory of Consumer ChoiceThe Theory of Consumer Choice
The Theory of Consumer ChoiceChris Thomas
 
Ch06 Supply Demand And Government Policies
Ch06 Supply Demand And Government PoliciesCh06 Supply Demand And Government Policies
Ch06 Supply Demand And Government PoliciesKevin A
 
The Monetary System
The Monetary SystemThe Monetary System
The Monetary SystemChris Thomas
 
Mankiew chapter 8
Mankiew chapter 8Mankiew chapter 8
Mankiew chapter 8Listiani Kumala Sari
 
Consumers, Producers, and the Efficiency of Markets
Consumers, Producers, and the Efficiency of MarketsConsumers, Producers, and the Efficiency of Markets
Consumers, Producers, and the Efficiency of MarketsChris Thomas
 
Measuring the Cost of Living - computing for CPI and Inflation (SS 113)
Measuring the Cost of Living - computing for CPI and Inflation (SS 113)Measuring the Cost of Living - computing for CPI and Inflation (SS 113)
Measuring the Cost of Living - computing for CPI and Inflation (SS 113)Arvin Maruya
 
Ch 24 measuring the cost of living
Ch 24 measuring the cost of livingCh 24 measuring the cost of living
Ch 24 measuring the cost of livingGale Pooley
 

More Related Content

What's hot

A Macroeconomic Theory of the Open Economy
A Macroeconomic Theory of the Open EconomyA Macroeconomic Theory of the Open Economy
A Macroeconomic Theory of the Open EconomyChris Thomas
 
Measuring the Cost of Living
Measuring the Cost of LivingMeasuring the Cost of Living
Measuring the Cost of LivingChris Thomas
 
Measuring a Nation's Income
Measuring a Nation's IncomeMeasuring a Nation's Income
Measuring a Nation's IncomeChris Thomas
 
market forces of supply and demand
market forces of supply and demandmarket forces of supply and demand
market forces of supply and demanditmamul akwan
 
Application: The Costs of Taxation
Application: The Costs of TaxationApplication: The Costs of Taxation
Application: The Costs of TaxationTuul Tuul
 
Open-Economy Macroeconomics: Basic Concepts
Open-Economy Macroeconomics: Basic ConceptsOpen-Economy Macroeconomics: Basic Concepts
Open-Economy Macroeconomics: Basic ConceptsChris Thomas
 
Production Possibility Frontier (Revision Presentation)
Production Possibility Frontier (Revision Presentation)Production Possibility Frontier (Revision Presentation)
Production Possibility Frontier (Revision Presentation)tutor2u
 
The Market Forces of Supply and Demand
The Market Forces of Supply and DemandThe Market Forces of Supply and Demand
The Market Forces of Supply and DemandChris Thomas
 
Monetary Systems
Monetary SystemsMonetary Systems
Monetary SystemsAleeza Baig
 
Aggregate Demand and Aggregate Supply
Aggregate Demand and Aggregate SupplyAggregate Demand and Aggregate Supply
Aggregate Demand and Aggregate SupplyChris Thomas
 
Production and Growth
Production and GrowthProduction and Growth
Production and GrowthChris Thomas
 
PPF PowerPoint
PPF PowerPointPPF PowerPoint
PPF PowerPointCorey Topf
 
The Theory of Consumer Choice
The Theory of Consumer ChoiceThe Theory of Consumer Choice
The Theory of Consumer ChoiceChris Thomas
 
Ch06 Supply Demand And Government Policies
Ch06 Supply Demand And Government PoliciesCh06 Supply Demand And Government Policies
Ch06 Supply Demand And Government PoliciesKevin A
 
The Monetary System
The Monetary SystemThe Monetary System
The Monetary SystemChris Thomas
 
Consumers, Producers, and the Efficiency of Markets
Consumers, Producers, and the Efficiency of MarketsConsumers, Producers, and the Efficiency of Markets
Consumers, Producers, and the Efficiency of MarketsChris Thomas
 

What's hot (20)

A Macroeconomic Theory of the Open Economy
A Macroeconomic Theory of the Open EconomyA Macroeconomic Theory of the Open Economy
A Macroeconomic Theory of the Open Economy
 
Unemployment
UnemploymentUnemployment
Unemployment
 
Measuring the Cost of Living
Measuring the Cost of LivingMeasuring the Cost of Living
Measuring the Cost of Living
 
Measuring a Nation's Income
Measuring a Nation's IncomeMeasuring a Nation's Income
Measuring a Nation's Income
 
market forces of supply and demand
market forces of supply and demandmarket forces of supply and demand
market forces of supply and demand
 
Demand and Supply
Demand and SupplyDemand and Supply
Demand and Supply
 
Application: The Costs of Taxation
Application: The Costs of TaxationApplication: The Costs of Taxation
Application: The Costs of Taxation
 
Open-Economy Macroeconomics: Basic Concepts
Open-Economy Macroeconomics: Basic ConceptsOpen-Economy Macroeconomics: Basic Concepts
Open-Economy Macroeconomics: Basic Concepts
 
Production Possibility Frontier (Revision Presentation)
Production Possibility Frontier (Revision Presentation)Production Possibility Frontier (Revision Presentation)
Production Possibility Frontier (Revision Presentation)
 
The Market Forces of Supply and Demand
The Market Forces of Supply and DemandThe Market Forces of Supply and Demand
The Market Forces of Supply and Demand
 
Monetary Systems
Monetary SystemsMonetary Systems
Monetary Systems
 
Elasticity and its application
Elasticity and its applicationElasticity and its application
Elasticity and its application
 
Aggregate Demand and Aggregate Supply
Aggregate Demand and Aggregate SupplyAggregate Demand and Aggregate Supply
Aggregate Demand and Aggregate Supply
 
Production and Growth
Production and GrowthProduction and Growth
Production and Growth
 
PPF PowerPoint
PPF PowerPointPPF PowerPoint
PPF PowerPoint
 
The Theory of Consumer Choice
The Theory of Consumer ChoiceThe Theory of Consumer Choice
The Theory of Consumer Choice
 
Ch06 Supply Demand And Government Policies
Ch06 Supply Demand And Government PoliciesCh06 Supply Demand And Government Policies
Ch06 Supply Demand And Government Policies
 
The Monetary System
The Monetary SystemThe Monetary System
The Monetary System
 
Mankiew chapter 8
Mankiew chapter 8Mankiew chapter 8
Mankiew chapter 8
 
Consumers, Producers, and the Efficiency of Markets
Consumers, Producers, and the Efficiency of MarketsConsumers, Producers, and the Efficiency of Markets
Consumers, Producers, and the Efficiency of Markets
 

Viewers also liked

Measuring the Cost of Living - computing for CPI and Inflation (SS 113)
Measuring the Cost of Living - computing for CPI and Inflation (SS 113)Measuring the Cost of Living - computing for CPI and Inflation (SS 113)
Measuring the Cost of Living - computing for CPI and Inflation (SS 113)Arvin Maruya
 
Ch 24 measuring the cost of living
Ch 24 measuring the cost of livingCh 24 measuring the cost of living
Ch 24 measuring the cost of livingGale Pooley
 
Cost of living powerpoint
Cost of living powerpointCost of living powerpoint
Cost of living powerpointWayne Lin
 
Introduction and measuring nations income
Introduction and measuring nations incomeIntroduction and measuring nations income
Introduction and measuring nations incomesajal777
 
Lecture 5 measuring the cost of living
Lecture 5 measuring the cost of livingLecture 5 measuring the cost of living
Lecture 5 measuring the cost of livingGale Pooley
 
The Circular-Flow Diagram EFM
The Circular-Flow Diagram EFM The Circular-Flow Diagram EFM
The Circular-Flow Diagram EFMRahul's Ventures
 
Chapter 7
Chapter 7Chapter 7
Chapter 7elsen
 
Genel Eko. Chapter1
Genel Eko. Chapter1Genel Eko. Chapter1
Genel Eko. Chapter1sdasasd
 
GDP as a measure of Economic Growth and Standard of Living
GDP as a measure of Economic Growth and Standard of LivingGDP as a measure of Economic Growth and Standard of Living
GDP as a measure of Economic Growth and Standard of Livingtutor2u
 
Lecture 6 measuring the cost of living
Lecture 6 measuring the cost of livingLecture 6 measuring the cost of living
Lecture 6 measuring the cost of livingGale Pooley
 
Gross Domestic Product [What is not included]
Gross Domestic Product [What is not included]Gross Domestic Product [What is not included]
Gross Domestic Product [What is not included]knorman31
 
TOP 10 Countries with the Highest Cost of Living - FINANCIAL FREEDOM INDEX
TOP 10 Countries with the Highest Cost of Living - FINANCIAL FREEDOM INDEXTOP 10 Countries with the Highest Cost of Living - FINANCIAL FREEDOM INDEX
TOP 10 Countries with the Highest Cost of Living - FINANCIAL FREEDOM INDEXFINANCIAL FREEDOM INDEX
 
Teacher training on didactics of ICT use
Teacher training on didactics of ICT useTeacher training on didactics of ICT use
Teacher training on didactics of ICT useOlga Shumailova
 
CPI, Inflation for Belize, July 2014 (PowerPoint)
CPI, Inflation for Belize, July 2014 (PowerPoint)CPI, Inflation for Belize, July 2014 (PowerPoint)
CPI, Inflation for Belize, July 2014 (PowerPoint)Adele Ramos
 
Choose'10: Jean-Marie Favre - Domain and Technique Specific Languages – A Jou...
Choose'10: Jean-Marie Favre - Domain and Technique Specific Languages – A Jou...Choose'10: Jean-Marie Favre - Domain and Technique Specific Languages – A Jou...
Choose'10: Jean-Marie Favre - Domain and Technique Specific Languages – A Jou...CHOOSE
 

Viewers also liked (20)

Measuring the Cost of Living - computing for CPI and Inflation (SS 113)
Measuring the Cost of Living - computing for CPI and Inflation (SS 113)Measuring the Cost of Living - computing for CPI and Inflation (SS 113)
Measuring the Cost of Living - computing for CPI and Inflation (SS 113)
 
Ch 24 measuring the cost of living
Ch 24 measuring the cost of livingCh 24 measuring the cost of living
Ch 24 measuring the cost of living
 
Cost of living powerpoint
Cost of living powerpointCost of living powerpoint
Cost of living powerpoint
 
Introduction and measuring nations income
Introduction and measuring nations incomeIntroduction and measuring nations income
Introduction and measuring nations income
 
CPI Measurement.
CPI Measurement.CPI Measurement.
CPI Measurement.
 
Lecture 5 measuring the cost of living
Lecture 5 measuring the cost of livingLecture 5 measuring the cost of living
Lecture 5 measuring the cost of living
 
Ch16
Ch16Ch16
Ch16
 
The Circular-Flow Diagram EFM
The Circular-Flow Diagram EFM The Circular-Flow Diagram EFM
The Circular-Flow Diagram EFM
 
Chapter 7
Chapter 7Chapter 7
Chapter 7
 
Module 29 the market for loanable funds
Module 29 the market for loanable fundsModule 29 the market for loanable funds
Module 29 the market for loanable funds
 
Genel Eko. Chapter1
Genel Eko. Chapter1Genel Eko. Chapter1
Genel Eko. Chapter1
 
GDP as a measure of Economic Growth and Standard of Living
GDP as a measure of Economic Growth and Standard of LivingGDP as a measure of Economic Growth and Standard of Living
GDP as a measure of Economic Growth and Standard of Living
 
Lecture 6 measuring the cost of living
Lecture 6 measuring the cost of livingLecture 6 measuring the cost of living
Lecture 6 measuring the cost of living
 
Gross Domestic Product [What is not included]
Gross Domestic Product [What is not included]Gross Domestic Product [What is not included]
Gross Domestic Product [What is not included]
 
TOP 10 Countries with the Highest Cost of Living - FINANCIAL FREEDOM INDEX
TOP 10 Countries with the Highest Cost of Living - FINANCIAL FREEDOM INDEXTOP 10 Countries with the Highest Cost of Living - FINANCIAL FREEDOM INDEX
TOP 10 Countries with the Highest Cost of Living - FINANCIAL FREEDOM INDEX
 
Teacher training on didactics of ICT use
Teacher training on didactics of ICT useTeacher training on didactics of ICT use
Teacher training on didactics of ICT use
 
Cost Performance Index (CPI)
Cost Performance Index (CPI)Cost Performance Index (CPI)
Cost Performance Index (CPI)
 
CPI, Inflation for Belize, July 2014 (PowerPoint)
CPI, Inflation for Belize, July 2014 (PowerPoint)CPI, Inflation for Belize, July 2014 (PowerPoint)
CPI, Inflation for Belize, July 2014 (PowerPoint)
 
Inflation cpi,wpi
Inflation cpi,wpiInflation cpi,wpi
Inflation cpi,wpi
 
Choose'10: Jean-Marie Favre - Domain and Technique Specific Languages – A Jou...
Choose'10: Jean-Marie Favre - Domain and Technique Specific Languages – A Jou...Choose'10: Jean-Marie Favre - Domain and Technique Specific Languages – A Jou...
Choose'10: Jean-Marie Favre - Domain and Technique Specific Languages – A Jou...
 

Similar to Measuring Cost Of Living

Chapter 03 inflation and the cost of living
Chapter 03 inflation and the cost of livingChapter 03 inflation and the cost of living
Chapter 03 inflation and the cost of livingrebyn
 
Inflation - How it's measured
Inflation - How it's measuredInflation - How it's measured
Inflation - How it's measuredHugo OGrady
 
Chap 24 costofliving
Chap 24 costoflivingChap 24 costofliving
Chap 24 costoflivingRana6247780
 
Stone ch16 lecture_powerpoints
Stone ch16 lecture_powerpointsStone ch16 lecture_powerpoints
Stone ch16 lecture_powerpointsKelly Giles
 
Macroeconomics
MacroeconomicsMacroeconomics
Macroeconomicskxtan2
 
INFLATION (1).ppt.pdf
INFLATION (1).ppt.pdfINFLATION (1).ppt.pdf
INFLATION (1).ppt.pdfRanaahsan31
 
1 MBA 530 ECONOMICS Unit 11 An Introduction to Mea.docx
1 MBA 530 ECONOMICS Unit 11 An Introduction to Mea.docx1 MBA 530 ECONOMICS Unit 11 An Introduction to Mea.docx
1 MBA 530 ECONOMICS Unit 11 An Introduction to Mea.docxjeremylockett77
 
Unit two m odule 2 topic one inflation
Unit two m odule 2 topic one inflationUnit two m odule 2 topic one inflation
Unit two m odule 2 topic one inflationLiam Nabbal
 
Measuring the Cost of Living
Measuring the Cost of LivingMeasuring the Cost of Living
Measuring the Cost of LivingAqib Syed
 
101114+-+Rising+cost+of+living
101114+-+Rising+cost+of+living101114+-+Rising+cost+of+living
101114+-+Rising+cost+of+livingAndrew Haylen
 
Business Journalism Professors 2014: Lesson Plan - Telling Stories with Econo...
Business Journalism Professors 2014: Lesson Plan - Telling Stories with Econo...Business Journalism Professors 2014: Lesson Plan - Telling Stories with Econo...
Business Journalism Professors 2014: Lesson Plan - Telling Stories with Econo...Reynolds Center for Business Journalism
 

Similar to Measuring Cost Of Living (20)

24
2424
24
 
24
2424
24
 
Chapter 03 inflation and the cost of living
Chapter 03 inflation and the cost of livingChapter 03 inflation and the cost of living
Chapter 03 inflation and the cost of living
 
Inflation - How it's measured
Inflation - How it's measuredInflation - How it's measured
Inflation - How it's measured
 
Measuring Nation
Measuring NationMeasuring Nation
Measuring Nation
 
Chap 24 costofliving
Chap 24 costoflivingChap 24 costofliving
Chap 24 costofliving
 
Trend Analysis of Consumer Price Index: Useful Lessons for Business Decision ...
Trend Analysis of Consumer Price Index: Useful Lessons for Business Decision ...Trend Analysis of Consumer Price Index: Useful Lessons for Business Decision ...
Trend Analysis of Consumer Price Index: Useful Lessons for Business Decision ...
 
Stone ch16 lecture_powerpoints
Stone ch16 lecture_powerpointsStone ch16 lecture_powerpoints
Stone ch16 lecture_powerpoints
 
Ppt on wpi cpi
Ppt on wpi cpiPpt on wpi cpi
Ppt on wpi cpi
 
Inflation
InflationInflation
Inflation
 
Cpi
CpiCpi
Cpi
 
Macroeconomics
MacroeconomicsMacroeconomics
Macroeconomics
 
7 measuring the cost of living
7 measuring the cost of living7 measuring the cost of living
7 measuring the cost of living
 
INFLATION (1).ppt.pdf
INFLATION (1).ppt.pdfINFLATION (1).ppt.pdf
INFLATION (1).ppt.pdf
 
1 MBA 530 ECONOMICS Unit 11 An Introduction to Mea.docx
1 MBA 530 ECONOMICS Unit 11 An Introduction to Mea.docx1 MBA 530 ECONOMICS Unit 11 An Introduction to Mea.docx
1 MBA 530 ECONOMICS Unit 11 An Introduction to Mea.docx
 
Unit two m odule 2 topic one inflation
Unit two m odule 2 topic one inflationUnit two m odule 2 topic one inflation
Unit two m odule 2 topic one inflation
 
CPI NOV_08.pptx
CPI NOV_08.pptxCPI NOV_08.pptx
CPI NOV_08.pptx
 
Measuring the Cost of Living
Measuring the Cost of LivingMeasuring the Cost of Living
Measuring the Cost of Living
 
101114+-+Rising+cost+of+living
101114+-+Rising+cost+of+living101114+-+Rising+cost+of+living
101114+-+Rising+cost+of+living
 
Business Journalism Professors 2014: Lesson Plan - Telling Stories with Econo...
Business Journalism Professors 2014: Lesson Plan - Telling Stories with Econo...Business Journalism Professors 2014: Lesson Plan - Telling Stories with Econo...
Business Journalism Professors 2014: Lesson Plan - Telling Stories with Econo...
 

More from Saurabh Goel

Enterprise Systems
Enterprise SystemsEnterprise Systems
Enterprise SystemsSaurabh Goel
 
Keynesian Model With Interest
Keynesian Model With InterestKeynesian Model With Interest
Keynesian Model With InterestSaurabh Goel
 
Keynesian Model Income Determination
Keynesian Model Income DeterminationKeynesian Model Income Determination
Keynesian Model Income DeterminationSaurabh Goel
 
Introduction To Macro Economics
Introduction To Macro EconomicsIntroduction To Macro Economics
Introduction To Macro EconomicsSaurabh Goel
 
Introduction To Macoeconomics
Introduction To MacoeconomicsIntroduction To Macoeconomics
Introduction To MacoeconomicsSaurabh Goel
 
Fundamentals Of Aggregate Demand And Aggregate Supply
Fundamentals Of Aggregate Demand And Aggregate SupplyFundamentals Of Aggregate Demand And Aggregate Supply
Fundamentals Of Aggregate Demand And Aggregate SupplySaurabh Goel
 
National Aggregates
National AggregatesNational Aggregates
National AggregatesSaurabh Goel
 

More from Saurabh Goel (11)

Business Process
Business ProcessBusiness Process
Business Process
 
Enterprise Systems
Enterprise SystemsEnterprise Systems
Enterprise Systems
 
Measuring Cost
Measuring CostMeasuring Cost
Measuring Cost
 
Macro Problems
Macro ProblemsMacro Problems
Macro Problems
 
Keynesian Model With Interest
Keynesian Model With InterestKeynesian Model With Interest
Keynesian Model With Interest
 
Keynesian Model Income Determination
Keynesian Model Income DeterminationKeynesian Model Income Determination
Keynesian Model Income Determination
 
Keynesian Logic
Keynesian LogicKeynesian Logic
Keynesian Logic
 
Introduction To Macro Economics
Introduction To Macro EconomicsIntroduction To Macro Economics
Introduction To Macro Economics
 
Introduction To Macoeconomics
Introduction To MacoeconomicsIntroduction To Macoeconomics
Introduction To Macoeconomics
 
Fundamentals Of Aggregate Demand And Aggregate Supply
Fundamentals Of Aggregate Demand And Aggregate SupplyFundamentals Of Aggregate Demand And Aggregate Supply
Fundamentals Of Aggregate Demand And Aggregate Supply
 
National Aggregates
National AggregatesNational Aggregates
National Aggregates
 

Recently uploaded

4.11.24 Mass Incarceration and the New Jim Crow.pptx
4.11.24 Mass Incarceration and the New Jim Crow.pptx4.11.24 Mass Incarceration and the New Jim Crow.pptx
4.11.24 Mass Incarceration and the New Jim Crow.pptxmary850239
 
Narcotic and Non Narcotic Analgesic..pdf
Narcotic and Non Narcotic Analgesic..pdfNarcotic and Non Narcotic Analgesic..pdf
Narcotic and Non Narcotic Analgesic..pdfPrerana Jadhav
 
ARTERIAL BLOOD GAS ANALYSIS........pptx
ARTERIAL BLOOD GAS ANALYSIS........pptxARTERIAL BLOOD GAS ANALYSIS........pptx
ARTERIAL BLOOD GAS ANALYSIS........pptxAneriPatwari
 
MS4 level being good citizen -imperative- (1) (1).pdf
MS4 level being good citizen -imperative- (1) (1).pdfMS4 level being good citizen -imperative- (1) (1).pdf
MS4 level being good citizen -imperative- (1) (1).pdfMr Bounab Samir
 
Mythology Quiz-4th April 2024, Quiz Club NITW
Mythology Quiz-4th April 2024, Quiz Club NITWMythology Quiz-4th April 2024, Quiz Club NITW
Mythology Quiz-4th April 2024, Quiz Club NITWQuiz Club NITW
 
Grade Three -ELLNA-REVIEWER-ENGLISH.pptx
Grade Three -ELLNA-REVIEWER-ENGLISH.pptxGrade Three -ELLNA-REVIEWER-ENGLISH.pptx
Grade Three -ELLNA-REVIEWER-ENGLISH.pptxkarenfajardo43
 
Sulphonamides, mechanisms and their uses
Sulphonamides, mechanisms and their usesSulphonamides, mechanisms and their uses
Sulphonamides, mechanisms and their usesVijayaLaxmi84
 
4.16.24 Poverty and Precarity--Desmond.pptx
4.16.24 Poverty and Precarity--Desmond.pptx4.16.24 Poverty and Precarity--Desmond.pptx
4.16.24 Poverty and Precarity--Desmond.pptxmary850239
 
CLASSIFICATION OF ANTI - CANCER DRUGS.pptx
CLASSIFICATION OF ANTI - CANCER DRUGS.pptxCLASSIFICATION OF ANTI - CANCER DRUGS.pptx
CLASSIFICATION OF ANTI - CANCER DRUGS.pptxAnupam32727
 
How to Manage Buy 3 Get 1 Free in Odoo 17
How to Manage Buy 3 Get 1 Free in Odoo 17How to Manage Buy 3 Get 1 Free in Odoo 17
How to Manage Buy 3 Get 1 Free in Odoo 17Celine George
 
Grade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdf
Grade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdfGrade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdf
Grade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdfJemuel Francisco
 
31 ĐỀ THI THỬ VÀO LỚP 10 - TIẾNG ANH - FORM MỚI 2025 - 40 CÂU HỎI - BÙI VĂN V...
31 ĐỀ THI THỬ VÀO LỚP 10 - TIẾNG ANH - FORM MỚI 2025 - 40 CÂU HỎI - BÙI VĂN V...31 ĐỀ THI THỬ VÀO LỚP 10 - TIẾNG ANH - FORM MỚI 2025 - 40 CÂU HỎI - BÙI VĂN V...
31 ĐỀ THI THỬ VÀO LỚP 10 - TIẾNG ANH - FORM MỚI 2025 - 40 CÂU HỎI - BÙI VĂN V...Nguyen Thanh Tu Collection
 
BIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptx
BIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptxBIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptx
BIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptxSayali Powar
 
How to Make a Duplicate of Your Odoo 17 Database
How to Make a Duplicate of Your Odoo 17 DatabaseHow to Make a Duplicate of Your Odoo 17 Database
How to Make a Duplicate of Your Odoo 17 DatabaseCeline George
 
Expanded definition: technical and operational
Expanded definition: technical and operationalExpanded definition: technical and operational
Expanded definition: technical and operationalssuser3e220a
 
Reading and Writing Skills 11 quarter 4 melc 1
Reading and Writing Skills 11 quarter 4 melc 1Reading and Writing Skills 11 quarter 4 melc 1
Reading and Writing Skills 11 quarter 4 melc 1GloryAnnCastre1
 
4.16.24 21st Century Movements for Black Lives.pptx
4.16.24 21st Century Movements for Black Lives.pptx4.16.24 21st Century Movements for Black Lives.pptx
4.16.24 21st Century Movements for Black Lives.pptxmary850239
 
Congestive Cardiac Failure..presentation
Congestive Cardiac Failure..presentationCongestive Cardiac Failure..presentation
Congestive Cardiac Failure..presentationdeepaannamalai16
 
ICS2208 Lecture6 Notes for SL spaces.pdf
ICS2208 Lecture6 Notes for SL spaces.pdfICS2208 Lecture6 Notes for SL spaces.pdf
ICS2208 Lecture6 Notes for SL spaces.pdfVanessa Camilleri
 

Recently uploaded (20)

4.11.24 Mass Incarceration and the New Jim Crow.pptx
4.11.24 Mass Incarceration and the New Jim Crow.pptx4.11.24 Mass Incarceration and the New Jim Crow.pptx
4.11.24 Mass Incarceration and the New Jim Crow.pptx
 
Narcotic and Non Narcotic Analgesic..pdf
Narcotic and Non Narcotic Analgesic..pdfNarcotic and Non Narcotic Analgesic..pdf
Narcotic and Non Narcotic Analgesic..pdf
 
ARTERIAL BLOOD GAS ANALYSIS........pptx
ARTERIAL BLOOD GAS ANALYSIS........pptxARTERIAL BLOOD GAS ANALYSIS........pptx
ARTERIAL BLOOD GAS ANALYSIS........pptx
 
MS4 level being good citizen -imperative- (1) (1).pdf
MS4 level being good citizen -imperative- (1) (1).pdfMS4 level being good citizen -imperative- (1) (1).pdf
MS4 level being good citizen -imperative- (1) (1).pdf
 
Mythology Quiz-4th April 2024, Quiz Club NITW
Mythology Quiz-4th April 2024, Quiz Club NITWMythology Quiz-4th April 2024, Quiz Club NITW
Mythology Quiz-4th April 2024, Quiz Club NITW
 
Grade Three -ELLNA-REVIEWER-ENGLISH.pptx
Grade Three -ELLNA-REVIEWER-ENGLISH.pptxGrade Three -ELLNA-REVIEWER-ENGLISH.pptx
Grade Three -ELLNA-REVIEWER-ENGLISH.pptx
 
INCLUSIVE EDUCATION PRACTICES FOR TEACHERS AND TRAINERS.pptx
INCLUSIVE EDUCATION PRACTICES FOR TEACHERS AND TRAINERS.pptxINCLUSIVE EDUCATION PRACTICES FOR TEACHERS AND TRAINERS.pptx
INCLUSIVE EDUCATION PRACTICES FOR TEACHERS AND TRAINERS.pptx
 
Sulphonamides, mechanisms and their uses
Sulphonamides, mechanisms and their usesSulphonamides, mechanisms and their uses
Sulphonamides, mechanisms and their uses
 
4.16.24 Poverty and Precarity--Desmond.pptx
4.16.24 Poverty and Precarity--Desmond.pptx4.16.24 Poverty and Precarity--Desmond.pptx
4.16.24 Poverty and Precarity--Desmond.pptx
 
CLASSIFICATION OF ANTI - CANCER DRUGS.pptx
CLASSIFICATION OF ANTI - CANCER DRUGS.pptxCLASSIFICATION OF ANTI - CANCER DRUGS.pptx
CLASSIFICATION OF ANTI - CANCER DRUGS.pptx
 
How to Manage Buy 3 Get 1 Free in Odoo 17
How to Manage Buy 3 Get 1 Free in Odoo 17How to Manage Buy 3 Get 1 Free in Odoo 17
How to Manage Buy 3 Get 1 Free in Odoo 17
 
Grade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdf
Grade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdfGrade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdf
Grade 9 Quarter 4 Dll Grade 9 Quarter 4 DLL.pdf
 
31 ĐỀ THI THỬ VÀO LỚP 10 - TIẾNG ANH - FORM MỚI 2025 - 40 CÂU HỎI - BÙI VĂN V...
31 ĐỀ THI THỬ VÀO LỚP 10 - TIẾNG ANH - FORM MỚI 2025 - 40 CÂU HỎI - BÙI VĂN V...31 ĐỀ THI THỬ VÀO LỚP 10 - TIẾNG ANH - FORM MỚI 2025 - 40 CÂU HỎI - BÙI VĂN V...
31 ĐỀ THI THỬ VÀO LỚP 10 - TIẾNG ANH - FORM MỚI 2025 - 40 CÂU HỎI - BÙI VĂN V...
 
BIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptx
BIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptxBIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptx
BIOCHEMISTRY-CARBOHYDRATE METABOLISM CHAPTER 2.pptx
 
How to Make a Duplicate of Your Odoo 17 Database
How to Make a Duplicate of Your Odoo 17 DatabaseHow to Make a Duplicate of Your Odoo 17 Database
How to Make a Duplicate of Your Odoo 17 Database
 
Expanded definition: technical and operational
Expanded definition: technical and operationalExpanded definition: technical and operational
Expanded definition: technical and operational
 
Reading and Writing Skills 11 quarter 4 melc 1
Reading and Writing Skills 11 quarter 4 melc 1Reading and Writing Skills 11 quarter 4 melc 1
Reading and Writing Skills 11 quarter 4 melc 1
 
4.16.24 21st Century Movements for Black Lives.pptx
4.16.24 21st Century Movements for Black Lives.pptx4.16.24 21st Century Movements for Black Lives.pptx
4.16.24 21st Century Movements for Black Lives.pptx
 
Congestive Cardiac Failure..presentation
Congestive Cardiac Failure..presentationCongestive Cardiac Failure..presentation
Congestive Cardiac Failure..presentation
 
ICS2208 Lecture6 Notes for SL spaces.pdf
ICS2208 Lecture6 Notes for SL spaces.pdfICS2208 Lecture6 Notes for SL spaces.pdf
ICS2208 Lecture6 Notes for SL spaces.pdf
 

Measuring Cost Of Living

  • 1. Measuring the Cost of Living
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11. Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
  • 12. Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
  • 13. Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
  • 14. Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
  • 15. Table 1 Calculating the Consumer Price Index and the Inflation Rate: An Example Copyright©2004 South-Western 06/07/09
  • 16.
  • 17. FYI: What’s in the CPI’s Basket? Copyright©2004 South-Western 06/07/09 16% Food and beverages 17% Transportation Medical care 6% Recreation 6% Apparel 4% Other goods and services 4% 41% Housing 6% Education and communication
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29. Figure 2 Two Measures of Inflation 1965 Percent per Year 15 10 5 0 1970 1975 1980 1985 1990 2000 1995 Copyright©2004 South-Western 06/07/09 CPI GDP deflator
  • 30.
  • 31.
  • 32. Table 2 The Most Popular Movies of All Times, Inflation Adjusted Copyright©2004 South-Western 06/07/09
  • 33.
  • 34.
  • 35.
  • 36.
  • 37. Figure 3 Real and Nominal Interest Rates 1965 Interest Rates (percent per year) 15 10 5 0 – 5 1970 1975 1980 1985 1990 1995 2000 Copyright©2004 South-Western 06/07/09 Real interest rate Nominal interest rate
  • 38.
  • 39.
  • 40.
  • 41.