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Using a Paasche index to calculate the Consumer Price Index (CPI)
Debt
Money owed by one party to another under the condition that it will be paid back, often with interest.
Statute Law
Written laws enacted by a legislative body, governing various aspects of societal conduct.
Lesser Sum
Refers to an amount of money that is smaller in comparison to another figure or expectation.
Obliged
Required or bound legally or morally to do something.
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