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luchonacho
luchonacho
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Can someone simply explain the concept of Difference between chained CPI vs.and normal CPI so that a Intro to Macro student can understand it?in simple terms

I am taking a community college level intro to macro course, and while self-studying the text, I came across the concept of C-CPI or chained CPI. While I feel I have a grasp as to what CPI is, I have found explanations of chained CPI confusing.

I know this isn’t Reddit, but canCan anyone ELI5 (explain like I'm 5)?

Can someone simply explain the concept of chained CPI vs. normal CPI so that a Intro to Macro student can understand it?

I am taking a community college level intro to macro course, and while self-studying the text, I came across the concept of C-CPI or chained CPI. While I feel I have a grasp as to what CPI is, I have found explanations of chained CPI confusing.

I know this isn’t Reddit, but can anyone ELI5?

Difference between chained CPI and normal CPI in simple terms

I am taking a community college level intro to macro course, and while self-studying the text, I came across the concept of C-CPI or chained CPI. While I feel I have a grasp as to what CPI is, I have found explanations of chained CPI confusing.

Can anyone ELI5 (explain like I'm 5)?

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Dave
Dave
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Can someone simply explain the concept of chained CPI vs. normal CPI so that a Intro to Macro student can understand it?

I am taking a community college level intro to macro course, and while self-studying the text, I came across the concept of C-CPI or chained CPI. While I feel I have a grasp as to what CPI is, I have found explanations of chained CPI confusing.

I know this isn’t Reddit, but can anyone ELI5?