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Lesson Plan

Econ Ed Link: What Does a Dollar Really Buy?

Curated by ACT

Students will describe the purpose of a price index, and how it is calculated. Then students will describe the weaknesses of the CPI, and interpret CPI data as a measure of economic health. Finally, students will identify who is harmed and who is helped by inflation.

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Concepts
deflation, inflation
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Additional Tags
price index, council for economic education, econedlink, consumer price index, cpi
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Classroom Considerations
  • Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)