Assignment:
We are covering that discusses the cost of living. The Bureau of Labor and Statistics releases the CPI (Consumer Price Index) figure every month. CPI is the most popular measure of price inflation in retail goods.
How many figures of inflation did you cover up to this point in your study?
What are the differences and similarities?
Which measure better reflects your cost of living?
In Chapter we covered Productivity.
What relation is there between productivity and GDP?
What can the government do to raise the living standards in a country?
Please write an essay response (1,000 words or more) to (ALL) the above questions. Be aware that plagiarism (copying from other papers, Wikipedia, books, article, and any source that is not your own original work) will result in a zero. However, I encourage you to research and properly cite credible sources to support your paper. I am expecting that this essay follows the standard format of Intro, Detail and Summary. Remember, when expressing your opinion, it should be supported by fact and using the text as a source is perfectly fine.