Examlex
Lucy finds a great article on the Internet while researching her speech. She especially likes a paragraph in the article that makes one of her main points using language that is vivid and amusing. She changes a few words of the paragraph then uses it in her speech without attributing it to the original author. Lucy has
GDP Deflator
An economic metric that converts output measured at current prices into constant-dollar GDP, removing the effect of inflation.
Prices Rising
An economic scenario where the general level of prices for goods and services is increasing over time, often referred to as inflation.
CPI
A gauge called the Consumer Price Index assesses the weighted average price shifts in a collection of consumer products and services, encompassing areas like food, healthcare, and transportation.
Economists
Professionals who study the production, distribution, and consumption of goods and services, often focusing on research, analysis, and the development of economic theories.
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