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Suppose the CPI is currently 147. If the CPI last year was 140, what was the rate of inflation over the period.
Private Consumption
The total value of all goods and services consumed by households and individuals within an economy, excluding government spending and investments.
Gross Investment
The total amount spent on purchases of new capital assets plus replacement of worn-out or obsolete assets.
Gross National Income
The total domestic and foreign output claimed by residents of a country, including wages, salaries, and property income.
Gross Domestic Product
The sum value in currency or market terms of every finished product and service created within a country during a specified period.
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