Inflation and Cost of Living
In this discussion you will expand on your understanding of inflation and its impact on cost of living by comparing the cost of living in two states. In your initial post, ou will reflect on how these two key economic indicators affect your own life by responding to the following:
Explain the concepts of inflation and how cost of living is measured
Describe how inflation affects your life. Detail an example.
Think about the cost of living in your state and another state of your choice. Explain the differences between your state and the state you choose in terms of cost of living.
Detail at least two differences. Remember to name the state that you live in. Refer to figure 3 in Chapter 11 for more information about differences in cost of living between states.
Reflect on whether you think the cost of living will affect your decision to move to another state? Explain why or why not. Then detail at least two examples that support your decision.
Respond to two of your peers who selected a different state than you did.
How does the cost of living in your peers’ state compare to the state you have selected?
Do you think that the cost of living will affect your decision to move to the state that your peer’s have selected? Why or why not?