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Simplify the rational expression.
Nominal Price
Absolute price of a good, unadjusted for inflation.
CPI (Consumer Price Index)
An indicator that assesses the weighted mean of the prices for a selection of consumer products and services, including food, transportation, and healthcare, aimed at calculating the living expenses.
Real Price
The price of a good or service adjusted for inflation, reflecting its purchasing power over time.
Real Return
Simple (or nominal) return on an asset, less the rate of inflation.
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