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Case 27-1 Anneleise is a freelance writer. She uses the Internet to find writing jobs, communicate with employers, and to send and receive files. Anneleise found some information at a Web site yesterday that would be helpful in an article she is writing, but she didn't bookmark it and now she can't remember the URL. What can she use to find the Web site?
Nominal
Referring to a value expressed in current prices, without adjustment for inflation, as opposed to real values which are adjusted for inflation.
Real Wage
The purchasing power of wages, adjusted for inflation, indicating the quantity of goods and services that can be bought.
Consumer Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, typically used to assess inflation.
Wage Rate
The amount of compensation paid to labor per unit of time, typically expressed as an hourly rate or annual salary.
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