Source: International Monetary Fund – IMF (video statements)
If an AI chatbot subscription still costs $20 per month, has the price really stayed the same? In this episode of The Economy – How Do You Measure That?, Jim Tebrake speaks with Barra Casey about how statisticians measure prices when technology rapidly improves. From AI chatbots to computers, learn how quality changes are reflected in inflation statistics, GDP, and the Consumer Price Index.