Examlex
Match the term with its definition. Some terms may not be used.
-The management of employees in a way that enables a firm to reach its strategic objectives
Current Prices
Prices at which goods and services are sold in the market at the present time, not adjusted for inflation or other factors that affect purchasing power.
Base-Year Prices
Prices from a specific base year that are used to calculate real values or quantities, allowing for the comparison of economic data over time by removing the effects of inflation.
Laspeyres Index
A price index calculated by taking the ratio of the total cost of purchasing a specified set of goods and services in a given period to the cost of purchasing the same set of goods and services during a base period, using base period quantities for weighting.
Nominal Income
The amount of money earned in current dollars, without adjustment for inflation or purchasing power.
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