Newsweek’s Daniel Gross explains the Consumer Price Index (here’s the official BLS site) in a very simple video. I could do without the goofy sound effects, but it’s a good, 2 minute explanation of how the government tracks inflation.
Per David Simon’s Berkeley talk, though, the video doesn’t go into why this matters. Perhaps they’ll cover that in the next installment of the Economics 101 series.
|
Blogroll
Friends
CT Politics Politics
Technology
West Hartford Blogs Hartford Blogs |
Active Posts
|
|
Track & Validate
|
I got 100% right. I don’t think I would’ve gotten more than 60% if I had to answer orally as they do on the real test (it’s not multiple choice, usually).
(found via Chhavi’s blog)
