How many figures of inflation did you cover up to this point in your study?

In week 3 we are covering Chapter 22 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 19 and 20 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.

This is the rubric for the assignment:

Criteria

Possible Points

Good

Average

Needs improvement

Points

Directions

(35 Points)

(30-35)

Student answers all questions with specific examples supporting his/her answers

(20-29)

Student answers all/some questions with/without specific examples supporting his/her answers

(1-19)

Student answers some questions with/ without specific examples supporting his/her answers

Organization

(10 Points)

(7-10)

Essay well organized and to the topic with less than 2 spelling errors and less than 2 grammatical errors

(4-6)

Essay not well organized or off topic with more/less than 2 spelling errors and more/less than 2 grammatical errors

(1-3)

Essay is disorganized or off topic with more than 2 spelling errors and more/less than 2 grammatical errors

For the Comments:

When you leave a comment, you must use the following rubric and tell us how many points you would give the essay according to the rubric.

You need to explain exactly why. Be specific.

Your comment should also include why you agree/disagree with all points (and not just some).

Rubric for the Comments:

8-10 Points – Comment follows the directions and is well organized

4-7 Points – Comment follows the directions and is not well organized

1-3 Points – Comment doesn’t follow directions and/or isn’t well organized

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