Macro Unit 2.5- CPI Practice AP Macroeconomics

The video tutorial introduces the concept of the Consumer Price Index (CPI) within macroeconomics, explaining how it measures inflation through a Market Basket of goods. It provides a detailed guide on calculating CPI using different base years, with examples and practice problems to reinforce understanding.

Describe the process of calculating CPI for different base years.

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How do price changes between years affect the CPI?

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What does it mean if the CPI is less than 100?

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