Week 5 Notes Macroeconomics
Week 5 Notes Macroeconomics Econ 151
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This 1 page Class Notes was uploaded by Jeremy Romrell on Friday October 30, 2015. The Class Notes belongs to Econ 151 at Brigham Young University - Idaho taught by David Barrus in Fall 2015. Since its upload, it has received 20 views. For similar materials see Macroeconomics in Economcs at Brigham Young University - Idaho.
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Date Created: 10/30/15
Chained CPI Substituting when normal goods prices are too high CPItells us where money is going Bureau of Labor Statistics Pie chart 41 Housing 17 Transportation 15 Food and Beverages 7 Education and communication 7 Medical Care 6 Recreation 4 Apparel 3 Other goods and Services Know the top 5 In ation rate yr 2 CPI yr1 CPI yr2 CPI yr1 x 100 Nominal Interest rate Real Interest Rate In ation Rate In ation rate Nominal GDP Real GDP CPI Price of basket of goods Services in current yr Price of basket in base year x 100 Amount in Todays Amount in yr T x CPI today CPI in yr T
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