Friday, April 10, 2020
Positive Care Environments Essay Example
Positive Care Environments Paper Promoting and supporting individuals right to dignity, independence, choice and safety 4. Acknowledging peoples personal beliefs and identities 5. Protecting individuals from abuse 6. Providing effective communication and relationships 7. Providing individualized care Care Values Include: Confidentiality Effective Communication Privacy Respect Empowerment Anti-Discriminatory Practice Anti-Discus minatory Practice Anti-Discriminatory Practice is when no one can be discriminated against based on their Color, Religion, Learning Ability, Race, Sexual Orientation and Disability (Physical or Mental). If a person is discriminated against then they can get hold of a number of groups and prosecute the individuals, or companies for this. An example of anti-discriminatory practice would be to treat all children fairly and equally such as during class discussions/activities every child should get the chance to participate and share their views with the rest of their peers. Also celebrating special religious occasions such as: Did, Christmas, Dalai, Easter and Chinese New Year by doing this youre showing he child that you value their beliefs in addition to that you can set up different activities based around the religious celebrations this will give the other children that arent from that background more of an understanding and also the child from that background. Confidentiality: (Data protection Act 1 998) Confidentiality and personal privacy is essential when dealing with children; it has to be protected so that not just anyone can gain access to it. We will write a custom essay sample on Positive Care Environments specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Positive Care Environments specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Positive Care Environments specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Individuals have a right to privacy and control over their personal details so it is crucial to pep all information shared confidential. Anything which concerns a child should stay in the school/centre because it is a legal requirement and it also helps to exhibit that there is a relationship of trust between the child and caregiver. Besides it proves that the centre/school has respect for the child and values them. Though there may be a time when you have to share need to know basis the information the service user disclosed to you. For instance if the individual is being abused at home the caregiver should report to their zoos and let them know what the child has shared. But before doing this you have to inform the service user that you are going to disclose some of their information. As if you dont and they find out they lose trust in you and theyll feel less confident which could result in them feeling extremely uncomfortable around you. In my work placement they promote confidentiality such as keeping information regarding the children locked up in a filing cabinet where only the manager and deputy head can gain access to it. This can also help to raise the self-esteem of children. Empowerment: Empowerment is giving individuals a substantial amount of information in order for them to make the appropriate decisions and choices about their life. Giving the individual the opportunity to take control of their life. In my placement they empower the children by giving them their own hooks to hang their jackets and bags on with their name beside it. They get the opportunity to pick what activity they take part in during playtime. Also each week a child gets the opportunity to be a book monitor or the choice to choose a song to sing together. There are bi-lingual books, signs and labels. Can gain all access to the equipment which is available in the centre. Set of behavior rules which all children must follow. . Effective Communication: Communication is important when working with service users in. It can be defined as giving and receiving information, for instance verbally and non- verbally. It is important that am aware of verbal non-verbal communication when interacting with the children within my care setting, no matter what age they are. Often, the child may say they re okay, but facial expressions contradict.
Monday, March 9, 2020
The Insider Secret to Dialog [Hint Steal It] - Freewrite Store
The Insider Secret to Dialog [Hint Steal It] - Freewrite Store Photo byà Victor Rodvangà onà Unsplash Todayââ¬â¢s guest post is by author Jeff Somers.à He has published nine novels, including theà Avery Cates Seriesà of noir-science fiction novels from Orbit Books, the darkly hilarious crime novelà Chumà from Tyrus Books, and most recently tales of blood magic and short cons in theà Ustari Cycle. à à The film Sunset Boulevard (1950) is perhaps Billy Wilderââ¬â¢s greatest achievement in terms of dialog- including the all-time great line (spoken by all-time great voice William Holden), ââ¬Å"Sometimes it's interesting to see just how bad bad writing can beâ⬠(a line given extra oomphby the fact that the character speaking is himself a pretty bad writer). You canââ¬â¢t help but wonder if Wilder was winking at himself when he came up with that one, despite the fact that Wilder- a Polish Jew who emigrated to the U.S. in his late 20s- didnââ¬â¢t learn English until he arrived in Hollywood to begin his stellar career as a screenwriter and director. The fact that English wasnââ¬â¢t his first language might have helped Wilder come up with such great dialog. Hearing a language spoken when you donââ¬â¢t understand it is an entirely different experience than when youââ¬â¢re fluent; in 1972, Italian singer Adriano Celentano released ââ¬Å"Prisencolinensinainciusol,â⬠a song of gibberish lyrics that are designed to sound like English spoken with a typical American accent. Listening to the song is an interesting experience- at first, it seems like the meaning of the song is just beyond your grasp because the rhythms and inflections are right on the money. The reason this song sounds right despite being meaningless reveals the fundamental trick of good dialog: The rhythm. à Slave to the Rhythm Every writer knows that itââ¬â¢s pretty easy to go very wrong when writing dialog: - Monotony, wherein all the characters sound more or less exactly the same (if a reader canââ¬â¢t tell whoââ¬â¢s speaking without a dialog tag, youââ¬â¢ve got a problem). - Stilted, exposition-heavy conversations filled with clumsy signifiers like ââ¬Å"As you know ...â⬠or repetitions of facts re-phrased for clarity (people simply donââ¬â¢t talk like that). - Dialog thatââ¬â¢s too close to reality, because in real life we all speak in meandering, stuttered phrases, using a lot of filler sounds to stall for time- and while making your characters sound like this might be realistic, itââ¬â¢s unpleasant to read (and difficult to understand on the page). - Characters that only speak in Plot Points, only opening their mouths when the reader needs to know something. The sweet spot for dialog is hazy, but the trick is to match the rhythm of real speech, but use a much more controlled approach to the actual words. Modeling Speech The key is turning off your brain a little and hearing just the pacing and pattern of a conversation without the meaning behind the sounds. One easy way to do this is to take dialog from a fictional source or from a real-life conversation and then substitute your own words. TIP: Steal the rhythm, skip the boring parts- this is a perfect opportunity to strip out the ââ¬Å"placeholderâ⬠words we all use to stall while we think, like ââ¬Å"umâ⬠and ââ¬Å"ah,â⬠or, if youââ¬â¢re Italian, allora. Borrowing From a Scene: Letââ¬â¢s say you have a scene between two characters talking about something. Why not steal the rhythm from one of the masters of modern movie dialog, Quentin Tarantino, and his classic Pulp Fiction: JULES: Okay so, tell me again about the hash bars. VINCENT: Okay what do you want to know? JULES: Well, hash is legal over there, right? VINCENT: Yeah, It's legal but it ain't hundred percent legal, I mean, you just can't walk into a restaurant, roll a joint and start puffin' away. They want you to smoke in your home or certain designated places. Even without having seen the film, the rhythm of each speaker is clear, and the dialog bounces in a way thatââ¬â¢s distinctive and pleasant to the ear- which is one reason this scene is one of the most famous from a famous film. The subject matter is not exactly important in any way (to the plot or anything) else, but you can see how the use of meaningless words like okay, right, and yeah are used to keep the rhythm balanced, and how some words are intentionally left out to get a more naturalistic sound (like ainââ¬â¢t hundred percent legal instead of ainââ¬â¢ta hundred percent legal). Modeling your own dialog after these rhythms can get that same bounce for your own words. You can also steal from great books. Why not steal from a master of the art like Hemingway or Elmore Leonard? Leonard had a skill in making ordinary conversations pop off the page: CHRIS: She didn't throw me out, I left. I phoned, you weren't home, so I stayed at Jerry's. DAD: When you needed me most. I'm sorry I wasn't here. CHRIS: Actually, you get right down to it, Phyllis's the one does all the talking. She gives me banking facts about different kinds of annuities, fiduciary trusts, institutional liquid asset funds ... I'm sitting here trying to stay awake, she's telling me about the exciting world of trust funds. DAD: I had a feeling. You've given it some thought. You realize life goes on. CHRIS: I'm not even sure what attracted me to her in the first place. DAD: You want me to tell you? All of Leonardââ¬â¢s dialog has a recognizable rhythm that magically seems realistic while being very controlled and carefully constructed. Borrowing from Real Life: An equally powerful approach is to model your dialog on actual conversations. This can be a better approach if youââ¬â¢re trying to capture an iconic cultural rhythm, or if youââ¬â¢re simply looking for something more naturalistic. This approach can guarantee that your dialog has a believable, authentic rhythm to it, which is about 75% of the battle. A hybrid of both approaches is to use an actorââ¬â¢s distinctive delivery of dialog to model the rhythm of one character on. Think about an actor with a distinctive way of delivering dialog- Alec Baldwin, or Meryl Streep, or even a non-actor you know personally. Imagining them reading every line you write for a specific character will subconsciously guide you towards a distinctive but believably consistent rhythm for every line they speak in your story. These approaches will train you to write realistic-sounding dialog every time, eventually without having to draft on someone elseââ¬â¢s work or the neighborsââ¬â¢ conversations- and eventually to develop your own personal rhythm that doesnââ¬â¢t rely on anything but your creative imagination and skill. Dialog is hard- no oneââ¬â¢s saying otherwise. World-building and plotting can be fun, filled with the wild excitement of simply creating. Dialog is a delicate business. The secret to great dialog doesn't lie with poetic lines scanned and re-scanned endlessly for errant commas or stuffed with convoluted similes- it's all about the rhythm. If your charactersââ¬â¢ speaking rhythms appear naturalistic to the mind's ear, the reader will find it easy to imagine the characters are really speaking even though written dialog is so different from the spoken kind. This is incredibly important because having your characters speak in believable ways sells even the most far-fetched world-building and the most faith-testing out-of-nowhere plot twists. Bad dialog can ruin even the smartest story, even stories that are otherwise brilliantly written, and like many aspects of the craft getting dialog ââ¬âºrightââ¬â¢ has more to do with approximating reality than reproducing it. Like "Prise ncolinensinainciusol," you're fooling your readers into ââ¬Å"hearingâ⬠what you want them to hear. Except, of course, you should use words that actually mean something as a best practice. So, writers, tell me: What writer creates the best dialog for modeling your own work? à Jeff Somers (www.jeffreysomers.com) began writing by court order as an attempt to steer his creative impulses away from engineering genetic grotesqueries. He has published nine novels, including theAvery Cates Series of noir-science fiction novels from Orbit Books (www.avery-cates.com) and theUstari Cycleseries of urban fantasy novels. His short story ââ¬Å"Ringing the Changesâ⬠was selected for inclusion inBest American Mystery Stories 2006,his story ââ¬Å"Sift, Almost Invisible, Throughâ⬠appeared in the anthologyCrimes by Moonlight edited by Charlaine Harris, and his story ââ¬Å"Three Cups of Teaâ⬠appeared in the anthologyHanzai Japan. He also writes about books forBarnes and Noble andAbout.com and about the craft of writing forWriterââ¬â¢s Digest, which will publish his book on the craft of writingWriting Without Rules in 2018. He lives in Hoboken with his wife, The Duchess, and their cats. He considers pants to always be optional.
Saturday, February 22, 2020
Unit 5, Chapter 10,11, and 12 Coursework Example | Topics and Well Written Essays - 500 words
Unit 5, Chapter 10,11, and 12 - Coursework Example Bartol, in her book Management: A pacific rim focus, illustrates a process of change management in eight steps. The problem of having adversarial relationships that are proven to be counterproductive and detrimental to the operations within the organization has to be identified. Only by recognizing that this is really a problem that has to be addressed, can solutions be determined to solve the problem. In order to backup the planned change, the most powerful sponsors, usually the key people, who are the executives, are to be informed about the planned change, and to gather their support in order for the change to be communicated to the rest of the company. In this part, the vision of changing the organizational structure has to be developed and communicated, first to those people who can pass around the information. In developing a vision, it could be helpful to involve the rest of the company in order for them not to feel like the vision is a top-down command. It is to enable them to know the situation of the company and to feel like being more involved to what is happening, which makes them more receptive to the changes that will be enforced in line with the vision. By giving the proper authority to people who are capable of communicating the desired vision about the change in organizational structure, these people will have better chance to act out the vision. This may entail choosing the right people to conduct seminars and trainings to inform the other employees about the changes, and form a certain system to create these changes. Employees should be encouraged to act out the vision and adhere to the changes that are taking place within the company. In this case, promoting cross-functional teams would entail cutting down processes that are potential barriers. Because this major structural change would require flattening the organization, as various processes would be cut down, a lot of positions come with them. This would make resistance more intense
Thursday, February 6, 2020
Boosting employee morale Essay Example | Topics and Well Written Essays - 250 words
Boosting employee morale - Essay Example To test whether the skills or methods used in the process increases employee morale, the first step is to identify the variables involved. These could be qualitative or quantitative in nature (Johnson 304). The impact of increased employee morale can be quantitative, but the skills or methods applied are highly qualitative. To test the impact that skills or methods used create in boosting employee morale, quantifying skills/methods variables is vital. ANOVA tests suit this process (Johnson 357). Once the qualitative variables are quantified, they can be linked to the outcome of increased employee morale through the necessary testing steps in ANOVA statistical procedures. Achieving the above goal can be subject to a number of issues that influence the inferences made from the test. These are: difficulties in choosing the quantitative variable to use following improved employee morale (for example increased output or revenues), individual differences across employees may not be accounted for, and quantifying some qualitative variables of skills/methods nature may result in a totally different outcome. On the other hand, the testing design adopted exhibits both strengths and weaknesses. The quantification of qualitative variables makes the testing process quick and easier (Johnson 391). However, the testing procedure may be prone to statistical errors that may result in conclusive inferences that are rather
Tuesday, January 28, 2020
Accounting-Financial Statements Essay Example for Free
Accounting-Financial Statements Essay Introduces the four financial statementsIncome Statement, Statement of Retained Earnings, Balance Sheet, and Statement of Cash Flows. Accounting as the language of business is discussed along with an introduction of the various users of accounting information. Financial and Managerial accounting are compared. The four ways to organize a business ââ¬â proprietorship, partnership, limited ââ¬â liability company, and corporation, are discussed. An introduction and contrast of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) is done. The Entity Assumption, Continuity (Going Concern) Assumption, Historical Cost Principle, and Stable ââ¬â Monetary ââ¬â Unit Assumption are explained. The accounting equation ââ¬â Assets = Liabilities + Stockholderââ¬â¢s Equity is presented along with definitions and explanations of each component of the equation. A detail presentation of each of the four previously mentioned financial statements is given. Each account classification of the financial statements ââ¬â assets, liabilities, stockholderââ¬â¢s equity, revenue, and expenses are thoroughly explained and examples of common account titles used are given. The process of evaluating a company through the use of the financial statements is shown. A discussion of business ethics in accounting decisions is done. An end of chapter summary problem emphasizes the preparation as well as understanding of the financial statements. An accounting vocabulary section explains all the new accounting terms. The End of Chapter Access Your Progress allows the student to determine how well he grasped the information presented in the chapter. Traditional exercises and problems solidify the studentââ¬â¢s understanding of the material. Teaching Outline . Define a. Financial Accounting b. Managerial Accounting c. Contrast Financial and Managerial Accounting 2. Describe the users of financial information: a. Individuals b. Business Managers c. Investors d. Creditors e. Government Regulatory Agencies f. Taxing Authorities g. Nonprofit Organizations h. Other Organizations 3. Explain a. Financial Accounting Standards Board (FASB) i. Generally Accepted Account ing Principles (GAAP) b. International Accounting Standards Board (IASB) i. International Financial Reporting Standards (IFRS) c. Compare GAAP and IFRS 4. Define and discuss Accounting Principles, Assumptions and Concepts a. Entity Assumption b. Continuity (Going Concern) Assumption c. Historical Cost Principle d. Stable Monetary Unit Assumption 5. Introduce the Accounting Equation a. Define and discuss common account titles: i. Assets ii. Liabilities iii. Stockholderââ¬â¢s Equity b. Define and discuss common account titles; i. Revenue ii. Expense iii. Retained Earnings c. Discuss Paid in Capital and Dividends 6. Explain and Prepare the Financial Statements a. Income Statement b. Statements of Retained Earnings c. Balance Sheet d. Statement of Cash Flows 7. Use Financial Statements to evaluate business performance a. Explain the relationship among the financial statements 8. Ethics in Business and Accounting Decisions a. The role of judgment in making decisions b. Economic factors c. Legal factors d. Ethical factors Key Topics The financial statements are actually reports on how well or poorly a business performed during a specified period of time. Chapter one actually presents the four basic financial statements and other relevant information that is needed to adequately prepare the financial statements. First one must understand that the Financial Accounting Standards Board (FASB) develops the rules and guidelines in the United States that must be adhered to in preparing the financial statements. These guidelines are known as the generally accepted accounting principles (GAAP). The International Accounting Standards Board (IASB) develops the international financial reporting standards (IFRS) which are the international or global standards. Exhibit 1-3 gives an overview of the joint conceptual framework of accounting developed by the FASB and the IASB. However, the SEC announced that it will soon require all American companies to adopt the IFRS. This adoption is currently slated to begin the initial phase in 2014 with all companies on board by 2016. The adoption of the IFRS by all American companies will facilitate the process of comparing financial statements of like industries globally. Also, it will eliminate the need of many companies to prepare several sets of financial statements. Accounting is often labeled as the language of business and there are external as well as internal users of accounting information. Individuals, investors and creditors, regulatory bodies as well as nonprofit organizations are just some of the noted users of the accounting information. The accounting information is expected to be accurate as well as timely in order to satisfy the need of the users. There are two different types of accounting that is needed by the users. They are Financial Accounting and Managerial Accounting. Financial Accounting primarily provides information to the external users and managerial primarily serves the internal users. This information is used in each and every type of business organization. There is the sole proprietorship, partnership, limited liability company, and the corporation. Each of these businesses differs as far as the form of ownership and other accounting details however, each is dependent on accurate and timely information in order to operate at the optimum level. There are some key accounting principles, assumptions, and concepts used in adequately preparing the accounting records. The first one discussed in this chapter is the assumption entity. This is the underlying assumption, which can be taken by the users of the financial statements, that a business is a separate economic entity. Each business is treated as a separate and distinct entity to enable the accountant to adequately measure the financial performance of the business. The Continuity (Going Concern) Assumption is also discussed here. This is the assumption that the business will continue to exist long enough to use the existing assets for their intended purpose. If the business does intend to continue to operate and employ the assets as intended, it does not have to be disclosed in the financial statements. However, if there is an intention not to continue to operate it must be disclosed somewhere in the financial statements. The Historical Cost Principle is presented such that one will understand that actual cost is used as the valuing system for all accounting transactions. Actual cost is verifiable as well as unbiased and therefore used to insure that the accounting records are prepared in a relevant as well as reliable manner. The Stable Monetary Unit Assumption is also presented in this chapter. This is the assumption that the purchase power of a dollar does not fluctuate. That is, one can purchase the same amount with a dollar today that he/she could a year ago. This assumption allows the accountant to ignore inflation and add or subtract dollars from varying years without adjusting for inflation. This is sometimes difficult for students to understand because they have seen inflation as well as lagging economies however, the professor can assure the student that if needed there is a system developed to reliably compare statements from varying years. That system, however, is taught in upper level accounting courses. After developing an understanding of this material the student is then introduced to the Accounting Equation. That is: Assets = Liabilities + Ownersââ¬â¢ Equity. It is imperative that the student understand the importance that this equation plays in preparing the financial statements. This equation presents the resources of a company as well as the claims on those resources. One must also note that this equation must be kept in balance at all times. Assets are presented as economic resources of the entity that are expected to be of future benefit. These resources have two types of claims against them: liabilities ââ¬â outside claims and ownersââ¬â¢ equity ââ¬â insider claims. See exhibit 1-4 to help present the fact that the two sides must equal. The influence on stockholdersââ¬â¢ equity by, paid-in capital, and retained earnings must be explained. Also, the manner in which revenue, expenses and dividends effect retained earnings should be explained. Remember to stress that dividends do not affect net income. They are not subtracted from revenue to determine the net income. Rather, they are subtracted from retained earnings. The financial statements are now to be presented. The Income Statement is the also referred to as the statement of operations because it measures the operating performance. It reports the revenues earned as well as the expenses incurred during a specified period of time. The expenses are subtracted from the revenue to determine the net income/loss for the accounting period. Net income is said to be the single most important item in the financial statements. The Statement of Retained Earnings is prepared after the Income Statement because the net income/loss from the Income Statement is needed to prepare the Statement of Retained Earnings. Retained earnings are simply the portion of the net income that the company has kept in the business. The Statement of Retained Earnings shows the changes that occurred in the retained earnings during the accounting period. Be sure to note that the net income is added to the beginning retained earning balance and the dividends are subtracted in order to determine the ending retained earnings balance. The Balance Sheet is prepared after the Statement of Retained Earnings because the ending retained earnings balance is needed to prepare the Balance Sheet. Statement of Financial Position is another name given to the Balance Sheet because it actually measures the financial position of a company. This statement reports on the assets, liabilities, and stockholdersââ¬â¢ equity of a company. A good way to help the students understand the information given by the Balance Sheet is to tell them that it gives a quick snapshot view of the financial status of the company on one day. That day is generally the end of the accounting period. The sum of the assets is expected to equal the sum of the liabilities and the stockholdersââ¬â¢ equity. See exhibit 1-9. The Statement of Cash Flow measures the cash receipts and payments. This statement reports on cash flows from three major activities: operating activities, investing activities, and financing activities. The net increase/decrease in cash from these three activities is then determined and added to the beginning cash balance to get the ending cash balance. In the financial statement conclusions it is important make sure the students know the purpose of each financial statement. It is also important that the students know the order of preparation as well as the formulas for each financial statement. Good business requires decision making, which in turn requires the exercise of good judgment. Making good judgments in business in general and accounting in particular should take into account not only economic, but legal and ethical dimensions as well. The last section of the chapter presents an ethical decision making model that is used consistently throughout the rest of the book. Use of the model emphasizes that good decisions are not always based just on the basis of how much money a company can make immediately.
Monday, January 20, 2020
Essay --
Spencer Jackson Mallory Heath English 11, P. 2 December 3, 2013 Quarter 2 Synthesis IRP: The Maze Runner and Unfamiliar Situations The book I chose to write a synthesis essay comparing my life to is The Maze Runner by James Dashner. The book is about a boy named Thomas who wakes up in a place called the Glade which he has never seen before, and is surrounded by new places, people, and events that he is completely unfamiliar with. Thomas doesnââ¬â¢t remember much about before he woke up there, and at first he feels alone and uncomfortable with his new surroundings. This approach of being introduced into something you are completely unfamiliar with is a common feeling in the life of a teenager, and with current day technology it is becoming more and more difficult to adapt to new surroundings and become introduced to new places and people. Because of my personal experience in moving around often and being placed in a similar situation I have chosen to write on this particular subject relating to both the book and my life. When Thomas awakens inside of a large dark room he is overcome by ...
Sunday, January 12, 2020
Principles of Macroeconomics Essay
An increase of government purchases occurs after a rise in aggregate output and employment. This tends to stimulate the economy, people then tend to buy more and save less. Therefore, it results to a higher importation than exportation, known as the trade deficit. The budget deficit increases the external deficits because the exports do not proportionately increase to counterweight increase imports. This explains that a large budget deficit raises domestic interest rates and the exchange rate. With a higher exchange rate the domestic products becomes more expensive and foreign goods cheaper. Hence, the import increases while export decreases. Resulting, the trade deficit to be enlarged. Consequently, to help drive the trade and current account of the balance of payments into deficit there is a combination of a higher interest rate and a stronger currency. However, to defend that the budget deficits mainly results from tax cuts that tend to reduce both public revenues and public saving; many researchers have justified the Ricardian equivalence hypothesis. Nevertheless, these tax cuts are effective on reducing public savings and enlarging the budget deficit, equivalently they increase private saving by amount. However, Ricardoââ¬â¢s neutrality hypothesis recommended that the private sector views budget deficits as public investment and treats public and private investment as perfect substitutes. How do the CPI and the GDP deflator differ? Why do economists believe that the CPI overstates the rate of inflation? Is this an important problem? CPI is an accurate measure of inflation. When the price basket goes up so does the CPI. It is limited to what it measures. It only measure the prices of the goods and services purchased by the urban consumers which is about 60% of the total production of the economy whilst on the contrary the GDP deflator measures the total production in the economy. It also allows to show up in the deflator the as people respond to changing prices. With this approach, the GDP deflator is being rebound up to date expenditure patterns. Despite that CPI only measure about 60% of the total production, it helps people give the idea how it affects them because it measures the type of goods they buy. Moreover, it comes out monthly and available anytime. With the historical comparison, most of the time the CPI and GDP price deflator had the same inflation rate, and when there is a difference, they do not differ much. However, if the CPI differs from the GDP deflator, it is only by a fraction of a percentage point, even so this could be important for some economic policy decision. Many economists believe that CPI overstates the rate inflation because they think that CPI is not a good indicator of a current inflation. According to David Ranson, a U. S. economist, a better indicator of current inflation would be increases in the price of commodities because initially inflation affects commodity prices and it will probably take several years for this commodity inflation to work its way through an economy and be reflected in the CPI. It is not an important problem so long as one is using whichever measure is appropriate for their findings. Reference Quantcrunch Tutor (April 2009 ) Q&A in Macroeconomics http://qainmacroeconomics. blogspot. com/2009_04_01_archive. html
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