Wednesday, March 19, 2008

Unit 3: How is inflation calculated?

From Geoff Riley comes this excellent revision summary of how inflation is calculated; it has many hyperlinks

http://www.tutor2u.net/blog/index.php/economics/comments/calculating-inflation/

a) Calculate your personal inflation rate and compare it to the CPI
b) Explain the discrepancy between the 2 rates

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