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General price inflation rate - PowerPoint PPT Presentation

CHAPTER 8

CHAPTER 8. PRICE CHANGES and ECHANGE RATES. Definitions. Inflation An increase in the average price paid for goods and services bringing about a reduction in the purchasing power of money Value of the currency changes downward in value Deflation

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Engineering Economy

Engineering Economy. Chapter 8: Price Changes and Exchange Rates. The objective of Chapter 8 is to present how inflation/deflation is dealt with in engineering economy studies.

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CHAPTER 8

CHAPTER 8. PRICE CHANGES AND EXCHANGE RATES. GENERAL PRICE INFLATION. An increase in the average price paid for goods and services bringing about a reduction in the purchasing power of money. GENERAL PRICE DEFLATION.

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General price inflation rate - PowerPoint PPT Presentation

CHAPTER 8

Engineering Economy

CHAPTER 8