Measuring Inflation Flashcards
(5 cards)
1
Q
How many ways are there to define inflatikn
A
2
2
Q
Inflation can
A
Be positive or negative or 0
3
Q
There are two main measurements used for inflarion
A
The retail price index
The consumer price index
4
Q
The CPI and RPI
A
Have limitation
5
Q
What are RPI and CPI important for
A
Government policy
