{"id":335,"date":"2015-05-04T15:25:27","date_gmt":"2015-05-04T15:25:27","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/learning-outcome-the-consumer-price-index\/"},"modified":"2023-07-14T19:07:30","modified_gmt":"2023-07-14T19:07:30","slug":"learning-outcome-the-consumer-price-index","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accmacro\/chapter\/learning-outcome-the-consumer-price-index\/","title":{"raw":"Outcome: Price Indexes","rendered":"Outcome: Price Indexes"},"content":{"raw":"<h2>What you'll learn to do:\u00a0explain the concept of a price index and explain how price indices are derived<\/h2>\nIn this section, you\u00a0will learn about the basics behind price indexes and how to calculate the general price of a good or service while accounting for the rate of inflation and changes in costs and prices.\n\nThe specific things you\u2019ll learn in this section include:\n<ul>\n\t<li>Define the consumer price index and the producer price index<\/li>\n\t<li>Calculate a price index number given a basket of goods &amp; services and the nominal price of each in a base year and at some later time<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\nThe learning activities for this section include:\n<ul>\n\t<li>Reading: Price Indexes<\/li>\n\t<li>Self Check: Price Indexes<\/li>\n\t<li>Reading: The CPI and PCE<\/li>\n\t<li>Reading: How Changes in the Cost of Living are Measured<\/li>\n\t<li>Self Check: Consumer Price Index vs. Producer Price Index<\/li>\n\t<li>Reading: Tracking Inflation<\/li>\n\t<li>Self Check: Calculating Price Indexes<\/li>\n<\/ul>\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you&#8217;ll learn to do:\u00a0explain the concept of a price index and explain how price indices are derived<\/h2>\n<p>In this section, you\u00a0will learn about the basics behind price indexes and how to calculate the general price of a good or service while accounting for the rate of inflation and changes in costs and prices.<\/p>\n<p>The specific things you\u2019ll learn in this section include:<\/p>\n<ul>\n<li>Define the consumer price index and the producer price index<\/li>\n<li>Calculate a price index number given a basket of goods &amp; services and the nominal price of each in a base year and at some later time<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Price Indexes<\/li>\n<li>Self Check: Price Indexes<\/li>\n<li>Reading: The CPI and PCE<\/li>\n<li>Reading: How Changes in the Cost of Living are Measured<\/li>\n<li>Self Check: Consumer Price Index vs. Producer Price Index<\/li>\n<li>Reading: Tracking Inflation<\/li>\n<li>Self Check: Calculating Price Indexes<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n","protected":false},"author":32,"menu_order":20,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-335","chapter","type-chapter","status-publish","hentry"],"part":316,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/335\/revisions"}],"predecessor-version":[{"id":336,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/335\/revisions\/336"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/parts\/316"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapters\/335\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/media?parent=335"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/pressbooks\/v2\/chapter-type?post=335"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/contributor?post=335"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accmacro\/wp-json\/wp\/v2\/license?post=335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}