track inflation over one year

measure the quality of life in a country

compare the economies of different countries

accurately show the distribution of wealth in a country

cost of living

economic growth

life expectancy

pollution

strengths and weaknesses in the economy

the value of American goods produced in other countries

the effect of unemployment on the economy

the rise in prices over time

the rise in prices over time

periods of economic growth

the average prices of goods and services

the total value of goods and services that are produced

They spend their money as quickly as possible

They spend more money

They spend the same amount

They spend less money

Good, because it is a sign of the economy growing due to increased demand

Bad, because shortages of goods are making prices go up

Good, because it means that prices are going down

Bad, because demand has decreased and sales are going down

Yes. It's not perfect but it is pretty accurate

It's ok, but it is not reliable because it can change every year

CPI is a better measure of economic growth

No. It does not include quality of life so it is not accurate.

The purchasing power of money increases over time.

The value of assets goes down.

Banks lose profit on long-term loans.

Banks make too much profit.

Banks increase interest rates on loans.

Banks stop issuing loans.

Banks reduce the interest rates.

Borrowers take out too many loans.

Nominal GDP

Real GDP

GDP

CPI

comparing the economic growth between two different years

taking prices from different years to calculate the rate of change

adding up the value of all goods and services produced in a year

subtracting the costs of items from the previous year