Consumer Econ

  • Consumer Price Index CPI

    Consumer Price Index CPI

    an index of the changes in the cost of goods and services to a typical consumer, based on the costs of the same goods and services at a base period.
  • Goods

    Goods

    a physicalitwm thatisproduced andcan beweighed or measured
  • Service

    Service

    a task that a person or machine performs for you
  • Inflation

    Inflation

    rise in the level of prices for goods and services overtime
  • Interest

    Interest

    the price that is paid for the use of another's money
  • Budget

    Budget

    a plan for using money to meet wants and needs