- Consumer price index (CPI)
- Measures the cost of the market basket of goods of a typical urban American family.
- Real GDP is adjusted for inflation
- Inflation
- General rise in the price level
- Rate of Inflation
- Deflation
- Fall of the price level
For more help on inflation, check out the link below:
You blog is organized and fancy-looking! I liked how you've added pictures of the equations, making it easier to read and distinguish from the other notes. Although you have everything we've learned from class, you've also added videos and links to other websites to help us in case we still don't understand the lesson.
ReplyDeleteInteresting looking blog, I like your theme! Your blog is very structured, breaking down each section into different posts for easy reference. With the formulas as a picture, it is easy to follow and understand each variable with the arrows pointing to them. Including an example of working out the real and nominal GDP is very helpful for those that need further clarification.
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