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Why Do We Calculate The Consumer Price Index? - Learn About Economics
2:52
YouTubeLearn About Economics
Why Do We Calculate The Consumer Price Index? - Learn About Economics
Why Do We Calculate The Consumer Price Index? Have you ever wondered how economists measure changes in the cost of living over time? In this informative video, we’ll explain the purpose and importance of the Consumer Price Index (CPI). We’ll start by defining what the CPI is and how it is constructed using a representative "shopping basket ...
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