Examlex
The tendency to perceive what we expect to perceive is called a perceptual set.
GDP Price Index
A measure that reflects changes in the price level of all goods and services included in the Gross Domestic Product, used to calculate real GDP.
Inflation
The pace at which overall prices for goods and services increase, gradually diminishing the value of money.
Price Level
The average of current prices across the entire spectrum of goods and services produced in the economy, often measured by consumer price indices.
Net Increase
The amount by which something grows or goes up, calculated by taking total gains and subtracting any losses.
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