CPI and Inflation
Über den Vortrag
Der Vortrag „CPI and Inflation“ von James DeNicco ist Bestandteil des Kurses „Principles of Macroeconomics (EN)“. Der Vortrag ist dabei in folgende Kapitel unterteilt:
- CPI and Inflation
- Calculate the CPI
- Calculate Inflation
- Fun with CPI
- Indexing
- Issues with the CPI
- Costs of Inflation
- Inflation and Money
Quiz zum Vortrag
Build the Consumer Price Index!
- Price of a standard basket of goods in current year devided by base year prices of the same standard basket of goods times one hundred.
- Price of a standard basket of goods in current year devided by base year prices of the same standard basket of goods.
- Price of a standard basket of goods in base year devided by current year prices of the same standard basket of goods times one hundred.
- Price of a standard basket of goods in base year devided by current year prices of the same standard basket of goods.
Calculate the inflation rate for the year 1999! CPI 1999: 226.230 CPI 2000: 230.221
- -0.25%
- 0.25%
- 1,225%
- 2,25%
Jake's salary in 2013 was $ 70,000 and the CPI was 112. Your father's salary in 1980 was $ 50,000 and the CPI was 80. Who would have the higher income in 2013?
- Both income would be equal.
- Jake's income would be higher.
- His father's income would be higher.
- None of the answers are correct.
Which of the following answers are correct?
- A fixed basket may overrates inflationary effect.
- The CPI does not see the increase in the quality of a certain good.
- The CPI measures the increase in the price.
- The CPI allows for the introduction of new goods.
What are the issues with the CPI?
- A fixed basket may overrates inflationary effect.
- The CPI does not see the increase in the quality of a certain good.
- The CPI measures the increase in the price.
- The CPI allows for the introduction of new goods.
High inflation makes the __________ value of debt go __________.
- Real / down
- Real / up
- Imaginary / down
- Imaginary / up
- None of the answers are correct.
Dozent des Vortrages CPI and Inflation
James DeNicco
Dr. DeNicco graduated from Drexel University in 2013. His primary field is Macroeconomics and his secondary field is Industrial Organization. His primary research interests are in Macroeconomics and applied Macroeconomics, especially the relationship between GDP growth and labor dynamics.
His focus is on jobless recovery, which explores the speed of recovery in unemployment rates post recession, controlling for GDP growth. He is currently an Assistant Professor at the University of Tampa, where he teaches both Macroeconomics and Microeconomics.
Dr. DeNicco also does work as a Research Associate for the Center for Labor Markets and Policy. In that role he has conducted extensive work with BLS and BEA data regarding estimation and forecasting techniques used by the Massachusetts Governor’s Office and the Rhode Island Department of Labor.
In addition, he collaborates on research identifying the determinants of successful transitions from high school to college and persistence in college, with the goal of identifying major transition barriers needing either program or policy intervention.
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