Loading presentation...

Present Remotely

Send the link below via email or IM


Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.


Inflation 13.2

No description

Kaitlin Morgan

on 10 January 2017

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Inflation 13.2

Chapter 13.2
Correcting Statistics for Inflation
Why Does Inflation Matter?
Measures of Inflation
1. Consumer Price Index (CPI):
A government measure of the change in price over time of a specified group of goods and services used by the average household
More Measurements...
2. Producer Price Index (PPI):
Measure of change in price overtime of a specific group of goods used by businesses
Yet Another Measurement
3. Implicit GDP Price Deflator:
Removes the effects of inflation so the overall economy in one year can be compared with another year (puts everything in the same terms)
Inflation is the prolonged rise in the general price level of final goods and services
Deflation is the prolonged decline in the general price level of goods and services
Purchasing Power is the real goods and services that money can buy
Affected by inflation and deflation
Market Basket is the group of items that are priced, includes food, housing, transportation, education, etc.
Full transcript