How to Calculate the Consumer Price Index | Macroeconomics

Let's learn about the Consumer Price Index and the best way to measure the cost of living. We'll learn more about what data is necessary to measure and analyze when it comes to macroeconomics, then learn to measure the cost of living and calculate the Consumer Price Index (CPI). We'll also take a look at what the real GDP is and how the inflation rate factors in these calculations. Watch the whole Macroeconomics playlist:    • Macroeconomics   About Chegg: Chegg is a leading education technology company that provides students with affordable and accessible study resources. Chegg's mission is to help students save time, save money and get smarter. Subscribe:    / @chegg   TikTok:   / chegg   Instagram:   / chegg   Twitter:   / chegg   00:00 Intro 00:40 Data of macroeconomics 03:12 Cost of living 07:16 Inflation rate