Question
1) Consider the Consumer Price Index (CPI) published by any Government (Statistical Agency) in an English speaking Caribbean country for a given period. Questions (a)
- 1) Consider the Consumer Price Index (CPI) published by any Government (Statistical Agency) in an English speaking Caribbean country for a given period.
Questions
(a) What weights were used in the calculation of the index;
(b) Explain how these weights were obtained
(c) Whether the calculation follow the Laspeyres, Paasche, or any other method
- 2) In general, how 'reliable' do you think the Consumer Price Index (CPI) is as a measure of how inflation is affecting the consumer over time?
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Price theory and applications
Authors: Steven E landsburg
8th edition
538746459, 1133008321, 780538746458, 9781133008323, 978-0538746458
