Review the following video "Introduction to inflation | Inflation - measuring the cost of living | Macroeconomics | Khan Academy" and answer the critical thinking question that follows:

https://www.youtube.com/watch?v=AaR1mPrdbTc&t=3s

Summarize the key points from the video in terms of what you have learned regarding inflation and measuring the cost of living. In your summary, reflect on, and explain, how you will apply what you have learned in a real-world, professional context.

Your submission should be a minimum of one page in length. Please type the question as well as your answer. Cite any sources utilized in APA format.