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In the context of performance appraisals and pay reviews, which of the following statements is true?
Consumer Prices
The prices paid by consumers for goods and services, which can be influenced by various factors including supply and demand, production costs, and taxes.
Real Terms
Economic measures or financial figures adjusted for inflation, enabling comparison of quantities as if prices had not changed over time.
Minimum Wage
The lowest hourly, daily, or monthly wage that employers are legally allowed to pay workers, aimed at protecting worker welfare.
Price of Health Care
The cost associated with obtaining medical services, treatments, or products.
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