Examlex
Which of the following effects is caused by atmospheric turbulence?
Inflation Rate
The increase pace in the cost of living, as reflected in goods and services prices, leading to reduced money value.
Consumer Price Index
A measure assessing the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
GDP Deflator
The GDP deflator is a measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to convert nominal GDP into real GDP.
Basket of Goods
A basket of goods is a fixed set of consumer products and services valued on a regular basis for calculating inflation or cost of living adjustments.
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