1.High Prices and Inflation. Critically evaluate the following statement: “Tokyo is an expensive place to live. There must be a high inflation rate in Japan.” 2. What Does It Cost? The Bureau of Labor...

1.High Prices and Inflation. Critically evaluate the following statement: “Tokyo is an expensive place to live. There must be a high inflation rate in Japan.”

2. What Does It Cost? The Bureau of Labor Statistics now makes price data available on its Web site at http:// data.bls.gov/PDQ/outside.jsp?survey=ap. Use this search engine to see how the price of whole wheat bread has changed from January 1986 to January 2015 for the U.S city average.