Examlex
Which of the following is included in GDP?
CPI
Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.
Wage Compression
A situation where there is a diminishing difference in pay between employees regardless of their skills, experience, or job responsibilities.
Pay Structure
The organization of different salary levels and scales that reflects the hierarchy of positions, responsibilities, and salaries within a company.
CPI
The Consumer Price Index is a calculation that determines the overall average cost of a selected collection of consumer goods and services, including categories like food, transportation, and healthcare.
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