GDP and the CPI : tracking the Macroeconomy
4 important questions on GDP and the CPI : tracking the Macroeconomy
When is real GDP per capita useful?
Why GDP per capita is not a sufficient measurement of well-being?
which only increases society's income, but it does not tell whether society actually makes good use of it.
Eample of
1. How to constract the CPI
2. How to calculate inflation rate
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How to construct CPI In an alternative way?
year 2 CPI per item = year 2 price per item/year price iteam
* 100
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