suggestion to improving how we measure inflation

https://www.youtube.com/watch?v=VXI_ADnp22c&list=PLRZf05zFBLXIKLD3blbnnFIv85OesJaKc&index=1

1.Please write one or two reasons from the video about how it is difficult to measure economic data?

2.What were the two different measures of inflation referenced in the video?

https://www.youtube.com/watch?v=1DU2IT8rl6c&list=PLRZf05zFBLXIKLD3blbnnFIv85OesJaKc&index=2

1.How might changes in household structure be changing the economy today?

2.What might be a challenge to getting the data needed to assess the health of the middle class?

https://www.youtube.com/watch?v=f_i8Tq032JQ&list=PLRZf05zFBLXIKLD3blbnnFIv85OesJaKc&index=3

1.What is sometimes called ‘luck’ in this video really is better described by random variation. The concept of regression to the mean is very important. Please think about and write a couple of sentences about a time in your life when you experienced a regression to the mean.

2.What is one major take-away from the video about income mobility? That is, how easily people who start out in one income group can move to another income group?

https://www.youtube.com/watch?v=3dL5G4QYEhc&list=PLRZf05zFBLXIKLD3blbnnFIv85OesJaKc&index=5

1.How important is measuring inflation to assessing the effects of economic changes?

2.What is one suggestion to improving how we measure inflation?