Essay on Inflation

  • Grade Inflation

    The United States’ education system is ranked seventeenth in the world (Gayathri). At all levels of education, from elementary school through university, grade inflation exists: too many students get too many A’s. I am not saying that no student should get A’s, but students have started to expect A’s, thinking a B is somehow “bad,” even though, in reality, a C is supposed to be average. In a nation where everyone is special and participation trophies are handed out like candy on Halloween, students see C’s as terrible failures, B’s as poor scores, and A’s as the only acceptable grades. This causes a deterioration of the learning environment, because school becomes focused solely on grades while both leaving students behind and allowing other students to become lackadaisical. On average, grade point averages raise about 0.15 points per decade (Babcock 18). C’s used to be fairly common, B’s were the most common grade, and A’s were given only to the most exceptional students. Now, at many colleges and universities, an A is the most common score given. On a math test administered worldwide, the top students in the United States scored below the average score of students in Shanghai (Bidwell). This indicates that our grading system is skewed, because even the most advanced students are below average and far more students than just the most advanced ones receive A’s. Students in America are not inherently less capable than students from Shanghai, but their education system forces…

    Words: 1329 - Pages: 6
  • Is Inflation Imoral?

    Is inflation immoral? Inflation occurs when the price of ordinary goods go up and people can no longer buy the things they need with the same amount of money. The compounded effects of even small percentage points of inflation is that over time wages haven’t kept up with inflation and the buying power of consumers has decreased. For example, my husband and I purchased a life insurance policy back in the 1980’s for $100,000 thinking it would take care of the family in the event of our death.…

    Words: 1033 - Pages:
  • The Impact Of Inflation

    general increase in the price levels is known as inflation. According to the U.S. Bureau of Labor Statistics, consumer prices in the United States went up 1.5 percent year-on-year in September of 2016, the highest inflation rate since October of 2014. This was so due to boost provided by robust gains in shelter combined with a smaller drop in energy prices and the lowest food cost in over six years. Figure 11 below highlights the trend in the US inflation in the last five years. Figure…

    Words: 1758 - Pages: 8
  • Grade Inflation In College Essay

    usually have a basic grading process. While in college, professors are grading harder or easier so they do not lose their jobs. Grade inflation is becoming a major issue in college it seems. In the articles, Grade Inflation Gone Wild by Stuart Rojstaczer and Doesn’t Anybody Get a C Anymore by Phil Primack speak upon grade inflation and grading in college. Grade inflation is seen as a problem. Grading depends on the teacher or professor and their grading scale, grading inflation is not a problem…

    Words: 1427 - Pages: 6
  • Effects Of Grade Inflation Essay

    Grade Inflation and its Effects At my high school, most of the students in my class were very competitive when it came to grades. Everybody always asking how one another scored on a test and comparing their own grade to the other’s. If someone received a C they usually had one of the lower grades on the test/assignment. However, a C is technically considered average, but in our school high B’s and A’s were far more common. This clearly shows how grade inflation has risen and continues to rise…

    Words: 1197 - Pages: 5
  • The Effects Of Price Inflation In Healthcare

    On the federal side of the situation, we can observe how the price inflation affects the federal healthcare system and the responses of the presidential candidates in their presidential campaign. Currently, many Americans are able to enroll in a healthcare plan because of the Affordable Care Act. The Affordable Care Act “have improved access, affordability, and quality in healthcare for Americans” (hhs.gov). However, the price inflations of the pharmaceutical drugs have created an adverse effect…

    Words: 1469 - Pages:
  • Pros And Cons Of Inflation

    Inflation is defined as a sustained increase in the general level of prices for goods and services (Investopedia.com). As inflation goes up, every dollar ends up buying a smaller percentage of goods and services and a decline in the purchasing power of money. The opposite of inflation would be deflation where the general level of prices keep falling. As could be imagined there are negative effects of inflation including uncertainty in the economy and the possibility for domestic products to…

    Words: 772 - Pages: 4
  • Economic Effects Of Inflation In India

    Inflation and its impact in India What is Inflation Imagine we had Rs.7 in 2003. One could have purchased a 300 ml Pepsi and gone home happy (excluding the Rs. 2 that shopkeepers charge for refrigerating it). Fast forward 12 years and on would have to shell out Rs.15 to purchase the same 300ml Pepsi bottle. What happened? One would think Indra Nooyi has fleeced us, but in reality, the value of money has reduced. This is attributable to inflation. Inflation is defined as a sustained increase…

    Words: 1777 - Pages: 8
  • The Importance Of Grade Inflation In Education

    Assessment of Educational Progress 2009 High School Transcript Study; student scores are on the rise, the average high school student in 2009 graduated with a GPA of 3.0, while in 1990 the average was 2.68 (13). As students’ scores continue to rise; we must ask, are we evolving into beings with a higher intelligence or have students found a way to receive the highest score through grade inflation? If students are not in fact finding a way to receive the highest score and are presenting such…

    Words: 1214 - Pages: 5
  • The Importance Of Grade Inflation

    this much stature are except to hold and create the most intelligent. So, isn’t it ironic that a majority of students attending these “prestige” schools are culprits of grade inflation. Whether it is in movies like, “Legally Blonde” or “Gilmore Girls,” Ivy League schools are perceived to be better academically successful. Therefore, when the students do not fulfill that school’s potential or expectation it causes professors to make up for their loss. In an article written towards grade…

    Words: 1113 - Pages: 5
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