Macro: Unit 1.6 -- Price Indices and Measuring Inflation скачать в хорошем качестве

Macro: Unit 1.6 -- Price Indices and Measuring Inflation

Hey Everyone! I'm Mr. Willis, and You Will Love Economics! In this video, I will: Practice using market basket data over consecutive years to calculate the Consumer Price Index number Demonstrate how a country can use CPI numbers to measure inflation over time Practice using GDP data over consecutive years to calculate the GDP Deflator number Demonstrate how a country can use GDP Deflator numbers to measure inflation over time Demonstrate how to calculate the percentage change in nominal wages and profits and compare those changes to the inflation rate to determine whether real wages and profits increased or decreased over time Are you looking to teach this topic in your class? We have designed an activity to fit perfectly with this video: https://www.teacherspayteachers.com/P... Follow our store on Teachers Pay Teachers https://www.teacherspayteachers.com/S... Look for us on Social Media: Instagram --   / youwillloveh.  . Facebook --   / youwilllovehi.  . Subscribe to our YouTube Channel:    / youwillloveeconomics   Check out our website for teaching tips and insight from us: https://sites.google.com/view/you-wil...