2.pptx - Lecture 02 Macroeconomics 1 China GDP Annusdssal...

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Lecture 02 Macroeconomics 1
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China GDP Annusdssal Growth Rate (2012-15) 2
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HK GDP Annual Growth Rate 3
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HK GDP Growth Rate 4
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What is CPI (Consumer Price Index) ? 5 A basket of goods
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3) Consumer Price Index (CPI) What is it ? CPI measures changes in the prices paid for goods and services by urban consumers for the specified month. (based on a basket of goods and services consumed by a typical individual and is defined by the government) CPI is essentially a measure of individuals’ cost of living changes and provides a gauge of the inflation rate related to purchasing those goods and 6
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3) Consumer Price Index (CPI) Why is it important ? This statistic is the best indicator of inflation that we have to rely on. It is particularly closely scrutinized by financial economists . Changes in inflation can spur the Fed (Federal Reserve) to take action to change its monetary policy. 7
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Hong Kong Consumer Price Index CPI 8
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Hong Kong Inflation Rate 9
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6) Current Employment Statistics (CES) What is it ?
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