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ECO 205 Week 7 CheckPoint Calculation of the Consumer Price Index Check this A+ tutorial guideline at

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Presentation on theme: "ECO 205 Week 7 CheckPoint Calculation of the Consumer Price Index Check this A+ tutorial guideline at"— Presentation transcript:

1 ECO 205 Week 7 CheckPoint Calculation of the Consumer Price Index Check this A+ tutorial guideline at http://www.assignmentcloud.com/ECO-205/ECO-205-Week- 7-CheckPoint-Calculation-of-the-Consumer-Price-Index The Bureau of Labor Statistics follows five steps to calculate Consumer Price Index. Resource: Ch. 24 (pp. 520-522) of Principles of Economics and Appendix D Review Appendix D. Using the chart provided, identify three strengths and three weaknesses of the calculation. Post a 200- to 300-word response that answers the following questions once your chart is complete: What are the characteristics of the items listed as strengths? What are the characteristics of the items listed as weaknesses? If the CPI is imperfect, why do we use it? For more classes visit http://www.assignmentcloud.com

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