曼昆《经济学原理》(宏观经济学分册)英文原版PPT课件——24measuring_cost.ppt

《曼昆《经济学原理》(宏观经济学分册)英文原版PPT课件——24measuring_cost.ppt》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。

1、24MeasuringtheCostofLivingMeasuringtheCostofLivingInflationreferstoasituationinwhichtheeconomy’soverallpricelevelisrising.Theinflationrateisthepercentagechangeinthepricelevelfromthepreviousperiod.THECONSUMERPRICEINDEXTheconsumerpriceindex(CPI)isameasureoftheoverallc

2、ostofthegoodsandservicesboughtbyatypicalconsumer.TheBureauofLaborStatisticsreportstheCPIeachmonth.Itisusedtomonitorchangesinthecostoflivingovertime.THECONSUMERPRICEINDEXWhentheCPIrises,thetypicalfamilyhastospendmoredollarstomaintainthesamestandardofliving.HowtheCons

3、umerPriceIndexIsCalculatedFixtheBasket:Determinewhatpricesaremostimportanttothetypicalconsumer.TheBureauofLaborStatistics(BLS)identifiesamarketbasketofgoodsandservicesthetypicalconsumerbuys.TheBLSconductsmonthlyconsumersurveystosettheweightsforthepricesofthosegoodsa

4、ndservices.HowtheConsumerPriceIndexIsCalculatedFindthePrices:Findthepricesofeachofthegoodsandservicesinthebasketforeachpointintime.HowtheConsumerPriceIndexIsCalculatedComputetheBasket’sCost:Usethedataonpricestocalculatethecostofthebasketofgoodsandservicesatdifferent

5、times.HowtheConsumerPriceIndexIsCalculatedChooseaBaseYearandComputetheIndex:Designateoneyearasthebaseyear,makingitthebenchmarkagainstwhichotheryearsarecompared.Computetheindexbydividingthepriceofthebasketinoneyearbythepriceinthebaseyearandmultiplyingby100.HowtheCons

6、umerPriceIndexIsCalculatedComputetheinflationrate:Theinflationrateisthepercentagechangeinthepriceindexfromtheprecedingperiod.HowtheConsumerPriceIndexIsCalculatedTheInflationRateTheinflationrateiscalculatedasfollows:Table1CalculatingtheConsumerPriceIndexandtheInflati

7、onRate:AnExampleCopyright©2004South-WesternTable1CalculatingtheConsumerPriceIndexandtheInflationRate:AnExampleCopyright©2004South-WesternTable1CalculatingtheConsumerPriceIndexandtheInflationRate:AnExampleCopyright©2004South-WesternTable1CalculatingtheConsumerPriceIn

8、dexandtheInflationRate:AnExampleCopyright©2004South-WesternTable1CalculatingtheConsumerPriceIndexandtheInflationRate:AnExampleCopyright©20