Examlex
Binet took on the challenge of developing an instrument to measure intelligence for the original purpose of identifying:
Inflation Rate
The rate at which prices for a wide range of goods and services go up, causing a decline in how much can be bought with the same amount of money.
Teddy Bears
Soft, plush toys in the form of bears, often given as a comfort object for children and as gifts of affection for holidays or special occasions.
Producer Price Index
An economic indicator that measures the average changes in prices received by domestic producers for their output, which is a signal of future consumer price movements.
Basket of Goods
A selected set of products and services used to track inflation and the cost of living through tools like the Consumer Price Index.
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