Measuring inflation (HL only)

IB Economics: Measuring inflation (HL only)

This lesson looks at how inflation is calculated via a retail or consumer price index. This is best explained by having your classes complete their own price index, based on typical goods and services they purchase.How is inflation calculated, using a price index.Lesson time: 105 minutesLesson objectives: Explain that inflation and deflation are typically measured by calculating a consumer price index (CPI), which measures...


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