{"id":337,"date":"2015-05-04T15:25:27","date_gmt":"2015-05-04T15:25:27","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymacro1xngcxmaster\/?post_type=chapter&#038;p=337"},"modified":"2016-06-20T23:13:22","modified_gmt":"2016-06-20T23:13:22","slug":"learning-outcome-the-consumer-price-index","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/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>\r\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.\r\n\r\nThe specific things you\u2019ll learn in this section include:\r\n<ul>\r\n\t<li>Define the consumer price index and the producer price index<\/li>\r\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>\r\n<\/ul>\r\n<h3>LEARNING ACTIVITIES<\/h3>\r\nThe learning activities for this section include:\r\n<ul>\r\n\t<li>Reading: Price Indexes<\/li>\r\n\t<li>Self Check: Price Indexes<\/li>\r\n\t<li>Reading: The CPI and PCE<\/li>\r\n\t<li>Reading: How Changes in the Cost of Living are Measured<\/li>\r\n\t<li>Self Check: Consumer Price Index vs. Producer Price Index<\/li>\r\n\t<li>Reading: Tracking Inflation<\/li>\r\n\t<li>Self Check: Calculating Price Indexes<\/li>\r\n<\/ul>\r\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\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-337\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Steven Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":74,"menu_order":10,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"\",\"author\":\"Steven Greenlaw and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"}]","CANDELA_OUTCOMES_GUID":"586664f8-531f-4a23-ac02-f0ea3e0c19fb","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-337","chapter","type-chapter","status-publish","hentry"],"part":3831,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/wp\/v2\/users\/74"}],"version-history":[{"count":13,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/337\/revisions"}],"predecessor-version":[{"id":3102,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/337\/revisions\/3102"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/parts\/3831"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/chapters\/337\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/wp\/v2\/media?parent=337"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/pressbooks\/v2\/chapter-type?post=337"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/wp\/v2\/contributor?post=337"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/suny-hccc-macroeconomics\/wp-json\/wp\/v2\/license?post=337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}