Consumer Econ

By austin wileman

  • 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