曼昆经济学原理Chapter 24.ppt

Measuring the Cost of Living
*
© 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicatedstributed with a certain product or service or otherwise on a password-protected website for classroom use.
Calculating the Consumer Price Index and the Inflation Rate: An Example
This table shows how to calculate the consumer price index and the inflation rate for a hypothetical economy in which consumers buy only hot dogs and hamburgers.
Table 1
*
© 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Calculating the Consumer Price Index and the Inflation Rate: An Example
This table shows how to calculate the consumer price index and the inflation rate for a hypothetical economy in which consumers buy only hot dogs and hamburgers.
The Consumer Price Index
Inflation rate
Percentage change in the price index
From the previous period
Producer price index, PPI
Measure of the cost of a basket of goods and services bought by firms
Changes in PPI are often useful in predicting changes in CPI in next period
*
© 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Figure 1
*
© 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
The Typical Basket of Goods and Services
This figure shows how the typical consumer divides spending among various categories of goods and services. The Bureau of Labor Statistics calls each percentage the “