ECO2013 Inflation Essay

What they do is that they have a whole bunch of items

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: The government that is responsible for calculating inflation is The U.S. Bureau Of Labor Statistics (BLS). What they do is that they have a whole bunch of items and services and collect data on the prices of these items every month. Then they average and weigh these prices using special formulas and the result is what they call the Consumer Price Index (CPI). Then that leads...
View Full Document

This document was uploaded on 03/25/2014 for the course ECO 2013 at Miami Dade College, Miami.

Ask a homework question - tutors are online