Consumer Price Index (CPI), Inflation, Macroeconomics, Statistics
Macroeconomics · Price Indices & Monetary Policy A single number, published monthly, determines the value of pensions, the level of interest rates, the real burden of national debt, and whether a government survives an election. It is constructed from a basket of...
Consumer Price Index (CPI), Inflation, Macroeconomics
Valeria Popa In previous articles you have learned about macroeconomic indicator like GDP which is highly important for understanding business cycles and economic performances and GNI which can offer a perspective on the living standards of a country’s residents. We...
Gross Domestic Product (GDP), Macroeconomics, Nominal, Real & GDP Deflator
Macroeconomics · National Income Accounting An economy where nothing is produced but every price doubles will report 100% nominal GDP growth. Separating the change in quantity from the change in price is the entire purpose of real GDP — and doing it correctly turns...
